In what production technique is inventory kept to a minimum and inputs arrive to the production process
Question:
In what production technique is inventory kept to a minimum and inputs arrive to the production process exactly when they are needed?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
JustInTime JIT Production JustInTime JIT production is the technique where inventory is kept to a mi...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
International Business The Challenges Of Globalization
ISBN: 9781292450315
10th Global Edition
Authors: Kenneth Wild
Question Posted:
Students also viewed these Business questions
-
Toyota is one of the worlds largest automobile companies, but it faced a long road to get to this place in history. It wasnt until the company developed its original manufacturing philosophy, the...
-
Remco's project management community had spent quite a bit of time trying to convince senior management that the success of a project cannot be measured solely by meeting the triple constraint of...
-
DAF Trucks is based in Oevel, in Westerlo, Belgium. It was established in 1966, and the size and facilities in the manufacturing plant have been developed gradually over the past 50 or so years with...
-
Suggest a systematic process that Daimler could have followed to increase the likelihood of merger success. Provide examples on how Daimler might have made such a process succeed.
-
You ride your bicycle down a hill, maintaining a constant speed the entire time. (a) As you ride, does the gravitational potential energy of the you-bike-Earth system increase, decrease, or stay the...
-
Bonds Issued at a Premium (Effective Interest) Refer to the information in Exercise 9-33. Required: Prepare the journal entries for December 31, 2020 and 2021. \section*{Cornerstone Exercise
-
In the Bohr model, the energy of the different electron states depends on the value of n (Eq. 29.16). (a) Compute the energies of the states with n = 1, 2, 3, and 4. (b) Plot your results from part...
-
What is meant by the term transferred-out cost? Why does the transferred-out cost under the WA method include only one computation but the FIFO method includes multiple computations?
-
A stock portfolio has an expected return of 12% and a standard deviation of 20%. A bond portfolio has an expected return of 6% and a standard deviation of 9%. The two portfolios have a correlation...
-
Through what three sources do companies tend to obtain the financial resources they need?
-
What is meant by the term ISO 9000?
-
Consider a white dwarf of mass M and radius R. Let the electrons be degenerate but non- relativistic; the protons are non-degenerate. (a) Show that the order of magnitude of the gravitational...
-
What is an incident in which a famous person wore or used a product (not as part of a paid endorsement or ad) and it caused a buying frenzy. Explain how the manufacturer or service provider reacted
-
What is a "heavyweight project team" and how does it differ from the traditional approach used for organizing development projects at Eli Lilly?This consists of two issues:First, an evaluation of the...
-
Consider the closed-loop system shown in Figure P11.6, where the transfer function of the process is that of a second-order system, i.e. k Ts +25TS +1 G,(s)= Y sp(s) E(s) U(s) Y(s) Ge(s) Gp(s) Figure...
-
1. Do you feel we have come along way with inventory in 10 years? 2. How did COVID affect the supply chain in your current hospital? Were any of the inventory systems/topics used, or relevant or...
-
Identify at least one way in which your writing skills have improved this semester and reflect on how you might use this skill in your career. You can include research, presentation, and report...
-
In certain countries, the tax rate applied in a companys tax return depends on whether the profits for the period are distributed or undistributed. Amounts are initially taxed at a higher rate, but a...
-
Write electron configurations for the following ions, and determine which have noble-gas configurations: (a) Cd2+ (b) p3- (c) Zr4+ (d) Ru3+ (e) As3- (f) Ag+
-
How did local and international companies adapt to the business environment at the height of Argentina's crisis? Did they pursue similar courses of action or design distinct strategies to deal with...
-
What was the impact on ordinary citizens immediately after the default and later as the economy recovered? What do the aftereffects of the crisis mean long term for ordinary citizens' spending power?...
-
1. Briefly explain how both inflation and interest rates influence exchange rates. 2. What are the limitations of PPP in predicting exchange rates?
-
question 1- You borrow a simple loan of SR 500,000, interest rate is 20%, it matures in one year. what's the yied to maturity? question 2- calculate_i for One-Year Discount Bond with price(p) =...
-
Taste of Muscat is a reputed chain of restaurants operating in Oman. Assume You are working as a management accountant for this restaurant chain which is specialized in all types of Arabic food. Your...
-
Industry Current Year Minus 1 Current Year Minus 2 Company: Air Products and Chemicals, Inc. (APD) Stock Price: 306.72 USD Shares Outstanding: 220.89 M Financial Ratios Most Current Year Current...
Study smarter with the SolutionInn App