A Manufacturer Took the Following Actions to Reduce Inventory

question 90

Multiple Choice

A manufacturer took the following actions to reduce inventory.Which of these is generally not accepted as a JIT action?

• A)It used a pull system to move inventory.
• B)It produced in ever smaller lots.
• C)It required deliveries directly to the point of use.
• D)It picked the supplier that offered the lowest price based on quantity discounts.
• E)It worked to reduce the company's in-transit inventory.

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Definitions:

Neoliberal Globalization

Refers to the process of accelerating economic integration, market deregulation, and diminishing state intervention across countries, pushed by neoliberal policies.

Private Control

The management and governance of entities by non-governmental organizations or individuals rather than the state.

Global Commodity Chain

The worldwide network of production and distribution processes through which a product passes until it reaches the consumer.

Glocalization

The practice of conducting business according to both local and global considerations.