Asked by Brayan Checo Rosario on May 01, 2024
Verified
Which of the following statements is false?
A) Just-in-time (JIT) is limited to manufacturing firms.
B) One feature of JIT production is demand-pull.
C) Downstream workstations are the driving force of JIT production.
D) JIT involves eliminating non-value-added activities.
Just-In-Time (JIT)
A production strategy that strives to improve a business's return on investment by reducing in-process inventory and associated carrying costs.
Manufacturing Firms
Entities engaged in the industrial production of goods, transforming raw materials into finished products for distribution.
Demand-Pull
A production strategy where production is based on customer demand, pulling products through the manufacturing process to meet specific orders.
- Familiarize oneself with the basic principles and the practical application of Just-in-Time (JIT) and backflush costing.
Verified Answer
MS
Marky SalazarMay 03, 2024
Final Answer :
A
Explanation :
Just-in-time (JIT) can be applied to various types of organizations such as service firms, healthcare, and retail, not only manufacturing firms. Therefore, statement A is false.
Learning Objectives
- Familiarize oneself with the basic principles and the practical application of Just-in-Time (JIT) and backflush costing.