Question
A) Inventory controls help save costs - and make sure that inventory is adequate for current demand but not so large that there is expensive
A) Inventory controls help save costs - and make sure that inventory is adequate for current demand but not so large that there is expensive surplus inventory. Just-in-time scheduling (JIT) is when inventory arrives exactly when it is needed for production or sale.
How can a just-in-time system reduce inventory costs? Is it a realistic form of inventory control? Since organizations are only ordering supplies as needed, if a crisis occurs such as bad weather, etc., does Just-In Time scheduling weaken the organizations preparedness?
B) Total Quality Management (TQM) is the process of emphasizing quality as an objective and striving for zero defects in products or services. Is the concept of total quality management out of date?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started