Describe just-in-time inventory management.
Question:
Describe “just-in-time” inventory management.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
Justintime JIT inventory management is a methodology used by businesses to optimize their inventory levels by receiving goods only as they are needed ...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
importance of workalike balance for women as a leader in healthcare. 1. The purpose of the research; 2. Research question/s; 3. Findings and relevant data; 4. Any recommendations and; 5. The...
-
Sheldon Cooper was a strange character, perhaps more comfortable in a university setting than a boardroom meeting. Starting out as an 18-year-old high school graduate, he worked his way up from the...
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
1) The mast on the boat is held in place by the rigging, which consists of rope having a diameter of 25 mm and a total length of 50m. Assuming the rope to be cylindrical, determine the drag it exerts...
-
Shane Cooke began a business, Cooke Company, on January 1, 2012, with an investment of $100,000. The company had the following assets and liabilities on the dates indicated: Instructions Use the...
-
In Exercises, a. Compute the three sums of squares, SST, SSR, and SSE, using the defining formulas. b. Verify the regression identity, SST = SSR + SSE. c. Compute the coefficient of determination. d....
-
Describe the Manage the Stage principle in a PRINCE2 project. AppendixLO1
-
The following is the balance sheet of Korver Supply Company at December 31, 2010. The note payable is dated June 30, 2010 and is due on June 30, 2012. Interest at 6% is payable annually on June 30....
-
Farmer and Taylor formed a partnership with capital contributions of $280,000 and $330,000, respectively. Their partnership agreement calls for Farmer to receive a $86,000 per year salary allowance....
-
Use the financial statements supplied on the next page for International Motor Corporation (IMC) to answer the following questions. a. Calculate the cash conversion cycle for IMC for both 2018 and...
-
What is the firms cash cycle? How does it differ from the operating cycle?
-
These questions refer to the coin-flipping game. (a) Check the computations in the table at the end of the first paragraph. (b) Consider the second row of the vector table. Note that this row has...
-
How would applying the core values and concepts of the Baldrige Performance Excellence Framework improve healthcare quality?
-
1. How does kaizen differ from a kaizen event? 2. What is the Deming Cycle? Explain the activities that make up each step.
-
3. Implement F (X,Y,Z) = XY'ZYZ' by using a) Only one 8-to-1 MUX. b) Only one 4-to-1 MUX. 4. Realize (a,b,c,d) = m(0, 4, 5, 9, 13, 14, 15) with a 8-to-1 Mux. a) Consider a, b, c as selection lines...
-
1.Pink describes several "frames" including: The Less Frame, The Experience Frame, The Label Frame, The Blemished Frame, The Potential Frame. Which frame is your favorite? Why? Give a specific...
-
Rise of the hackers essay prompt question Do you think you might be vulnerable to the social engineering attack that hackers used against Matt in the video?
-
In general, what types of information are included in managements written representations?
-
please help Problem 13-7 (Algo) Prepare a Statement of Cash Flows [LO13-1, LO13-2] [The following information applies to the questions displayed below.] Comparative financial statements for Weaver...
-
A firm has 1000 shareholders, each of whom own $59 in shares. The firm uses $28000 to repurchase shares. What percentage of the firm did each of the remaining shareholders own before the repurchase,...
-
Vancouver Bank agrees to lend $ 180,000 to Surrey Corp. on November 1, 2020 and the company signs a six-month, 6% note maturing on May 1, 2021. Surrey Corp. follows IFRS and has a December 31 fiscal...
Study smarter with the SolutionInn App