Asked by Maddi Coones on May 11, 2024
Verified
________ delivers the precise number of parts to be assembled into a finished product at precisely the right time.
A) JIT
B) The bullwhip effect
C) Vertical integration
D) VMI
Precise Number
A numerical value defined with exactitude, without approximation or rounding.
Finished Product
A product that has completed the manufacturing process and is ready for sale or distribution.
- Acquire knowledge of business tactics pertinent to supply chain and inventory administration, including strategies like vertical integration and JIT.
Verified Answer
DK
Dhruv KumraMay 12, 2024
Final Answer :
A
Explanation :
JIT, or Just-In-Time, is a management strategy that aligns raw-material orders from suppliers directly with production schedules. It aims to increase efficiency and decrease waste by receiving goods only as they are needed in the production process, thereby reducing inventory costs. This approach ensures that the precise number of parts required for assembly is delivered exactly when needed.
Learning Objectives
- Acquire knowledge of business tactics pertinent to supply chain and inventory administration, including strategies like vertical integration and JIT.
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