Which of the following statements about the lean approach and just-in-time (JIT) is false?
A) JIT tends to focus on product movement from manufacturer to retailer.
B) Organizations should give careful consideration before adopting a lean philosophy.
C) The lean approach views inventory as waste.
D) Trucking is an important mode of transportation in JIT systems.
Correct Answer:
Verified
Q34: Which of the following is not an
Q35: _ refers to the number of times
Q36: _ items refer to those that are
Q37: Dead inventory (dead stock)refers to a product
Q38: The economic order quantity (EOQ)determines _.
A)the point
Q40: Concerning the EOQ model,if the ordering costs
Q41: Safety stock refers to inventory that is
Q42: Not having enough items in inventory can
Q43: One assumption of the basic economy order
Q44: A reorder point is equal to average
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents