i. Just-in-time manufacturing is dedicated to:

a. having excessive amounts of materials on hand at all times

b. none of these

c. having no materials on hand at any time

d. having to order materials when the factory runs out

e. having the right amount of materials at the time they are needed

ii.

One of the traditional reasons for holding inventory is to balance total carrying costs and set-up costs. The JIT solution is to:

a. reduce lead time

b. reduce set-up costs

c. use long-term contracts with suppliers

d. use total preventive maintenance

e. use total quality control

iii. The major disadvantage of the just-in-time system is:

a. all of the above are major disadvantages

b. unforeseen, external events disrupting the delivery schedule

c. the number of small deliveries that must occur

d. none of the above is a major disadvantage

e. the number of inspections that must occur

iv. One of the traditional reasons for holding inventory is to avoid shutdowns due to defective parts. The JIT solution is to:

a. reduce set-up costs

b. use total preventive maintenance

c. none of these

d. reduce lead time

e. use total quality control