ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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materials are delivered shortly before needed and go straight into production, reducing warehouse costs and minimising waste
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Just in time
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Just in case
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Just-in-time (JIT) is an inventory management strategy that reduces waste and increases efficiency by receiving inventory only as they are needed for production, not ahead of time. This significantly reduces the 8 wastes in lean manufacturing.
Detailed explanation-2: -The “just-in-time” method is an inventory strategy where materials are only ordered and received as they are needed in the production process. The goal of this method is to reduce costs by saving money on overhead inventory expenses.
There is 1 question to complete.