Just-in-time (JIT) has the following key elements: a. High-quality input and output are required. b. Inventory levels
Question:
Just-in-time (JIT) has the following key elements:
a. High-quality input and output are required.
b. Inventory levels are reduced.
c. Production rates become faster.
d. Suppliers become partners, rather than adversaries.
e. Machine changeover (setup) times must be short.
f. Production batch sizes are small.
g. Inventory is pulled through a plant based on market demand.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Managerial Accounting Information For Decisions
ISBN: 9780324222432
4th Edition
Authors: Thomas L. Albright , Robert W. Ingram, John S. Hill
Question Posted: