Asked by ESTELA LUCCHESI on May 20, 2024
Verified
Among other things, companies using the just-in-time (JIT)approach, produce only in response to a customer order meaning that workers will not be idle whenever demand falls below the company's production capacity.
Just-In-Time (JIT)
A management strategy that aligns raw-material orders from suppliers directly with production schedules to reduce inventory costs and increase efficiency.
Production Capacity
The maximum output that a business can produce in a given period with the available resources.
- Gain an understanding of the essential elements and positive outcomes of the just-in-time (JIT) approach, and how it affects production and inventory management.
Verified Answer
BD
Brianna DeWittMay 21, 2024
Final Answer :
False
Explanation :
This question is not related to the given scenario and requires general knowledge about the just-in-time (JIT) approach, which is not provided.
Learning Objectives
- Gain an understanding of the essential elements and positive outcomes of the just-in-time (JIT) approach, and how it affects production and inventory management.
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