Dale has seen unit production costs go up dramatically during the past two or three years.One major reason is high interest rates on money borrowed to purchase and store inputs.Which of the following should Dale consider?
A)Management by objectives
B)Participatory management
C)Quality circles
D)Just-in-time inventory systems
E)Computer-assisted manufacturing

Question

Quizplus · Accepted Answer

Dale should consider implementing just-in-time inventory systems to reduce the cost of purchasing and storing inputs. This system minimizes inventory holding costs by requiring inputs to be delivered exactly when they are needed in the production process, thus reducing the need to borrow money and pay high interest rates. Additionally, just-in-time inventory systems can also improve production efficiency and reduce waste.

Dale Has Seen Unit Production Costs Go Up Dramatically During