Asked by Emilee Wagner on Jun 03, 2024
Verified
Identify the inventory tactics appropriate for a JIT environment.
JIT Environment
A production strategy that aims to reduce times within the production system as well as response times from suppliers and to customers, characterized by just-in-time inventory management.
Inventory Tactics
Strategies and approaches used in managing inventory levels, turnover, and order quantities to optimize operational efficiency and meet customer demand.
- Comprehend the principle of minimum inventory within Just-In-Time systems and its significance.
- Identify the distinctions between just-in-time (JIT) procedures and non-just-in-time procedures within inventory management practices.
Verified Answer
DN
David NathanaelJun 08, 2024
Final Answer :
Inventory tactics for a JIT environment include a pull system to move inventory, ever smaller lots, just-in-time deliveries from suppliers, deliveries directly to point of use, performance to schedule, setup reduction, and group technology.
Learning Objectives
- Comprehend the principle of minimum inventory within Just-In-Time systems and its significance.
- Identify the distinctions between just-in-time (JIT) procedures and non-just-in-time procedures within inventory management practices.
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