ENTREPRENEURIAL OPERATIONS
PRODUCTION PLANNING AND CONTROL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following must a business that relies on just-in-time (JIT) production have direct access to?
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customers
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labor resources
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competitors
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suppliers
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Explanation:
Detailed explanation-1: -What Is Just-in-Time (JIT) in Inventory Management? JIT is a form of inventory management that requires working closely with suppliers so that raw materials arrive as production is scheduled to begin, but no sooner. The goal is to have the minimum amount of inventory on hand to meet demand.
Detailed explanation-2: -In addition to strictly limiting inventory, the following methods are included in a true JIT system: Housekeeping – physical organization and discipline. Elimination of defects. Setup reduction and flexible changeover approaches.
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