Which of the following contributes to the competitive advantage enjoyed by firms using JIT/lean production?
A)Fewer employees
B)Higher processing cost
C)More work-in-process with longer production runs
D)Lower processing costs
E)Specialization in employee skills lead to higher productivity

Question

Quizplus · Accepted Answer

JIT/lean production aims to minimize waste in the production process, including excess inventory and idle employees. By reducing processing costs, firms using JIT/lean production can lower their overall production costs and offer more competitive prices or higher profit margins.

Which of the Following Contributes to the Competitive Advantage Enjoyed