Asked by Earlicia Sexton on Jun 27, 2024
Verified
Just-in-time strives to eliminate inventories by using a pull approach.
Just-In-Time
Just-In-Time is a supply chain management strategy aimed at reducing inventory costs by receiving goods only as they are needed in the production process.
Pull Approach
A marketing strategy where demand is created through consumer interest, leading them to seek out a product or brand.
- Determine the features and uses of just-in-time (JIT) processing.
Verified Answer
RS
Rhyme SpitterJun 30, 2024
Final Answer :
True
Explanation :
Just-in-time (JIT) philosophy aims to minimize inventory levels by producing the exact amount needed, exactly when it is needed, and delivering it just in time for use in the production process. This is achieved through a pull approach, where the production process is driven by customer demand rather than by forecasted demand or a push approach, which can lead to excess inventory levels. Therefore, the statement is true.
Learning Objectives
- Determine the features and uses of just-in-time (JIT) processing.