Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 24, 2024

Question 1 A just-in-time inventory system (JIT), is an inventory strategy where raw materials and supplies are ordered and received as they are needed. (a)

Question 1 A just-in-time inventory system (JIT), is an inventory strategy where raw materials and supplies are ordered and received as they are needed.

(a) Explain the benefits of using JIT system to Malaysian SMEs (small medium enterprises) clothing market. [25 marks]

b) Discuss the risks associated with implementing a JIT system. [25 marks]

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

Recommended Textbook for

Management

Authors: Chuck Williams

4th Edition

978-0324316797, 0324316798

More Books

Students also viewed these General Management questions

Question

★★★★★

The unadjusted trial balance of Ben's Jewelers on December 31, 2019, the end of its fiscal year, appears below. INSTRUCTIONS 1. Copy the unadjusted trial balance onto a worksheet and complete the...

Answered: 1 week ago

Question

★★★★★

Using the following account balances, calculate for the two years presented: A. Working capital B. Current ratio Accounts payable Accounts receivable Cash Prepaid insurance Salaries payable Utilities...

Answered: 1 week ago

Question

★★★★★

The concept of supplier-induced demand A. Was heralded by the work of Jack Wennberg B. Suggests that the supply of health care providers rather than genuine need for health care services drives at...

Answered: 1 week ago

Question

★★★★★

Tobita Limited, which follows IFRS, has adopted the policy of classifying interest paid as operating activities and dividends paid as financing activities. Condensed financial data for 2017 and 2016...

Answered: 1 week ago

Question

★★★★★

Question 1 A just-in-time inventory system (JIT), is an inventory strategy where raw materials and supplies are ordered and received as they are needed. (a) Explain the benefits of using JIT system...

Answered: 1 week ago

Question

★★★★★

At a shipping warehouse, a manager has purchased two warehouse automation robots, an autonomous mobile robot ( AMR ) and a pre - programmed aerial drone. The AMR can retrieve 2 1 packages per hour,...

Answered: 1 week ago

Question

★★★★★

Environmental education explain?

Answered: 1 week ago

Question

★★★★★

Scope of environmental science short brief ?

Answered: 1 week ago

Question

★★★★★

Ecology and economy ?

Answered: 1 week ago

Question

★★★★★

Let the functions b, satisfy condition (5.2.1) of Theorem 5.2.1, with a constant C independent of t, i.e. |b(t, x)|+|(t, x)| C(1 + |x|) for all R and all t0. Let Xt be a solution of dxt=b(t, Xt)dt +...

Answered: 1 week ago

Previous Question Next Question