Which of the following is an example of value-added time? Question 1 options: Processing time Wait time during inspection Wait time in inventory Both B and C The just-in-time (JIT) philosophy attempts to reduce setup times, which will: Question 3 options: increase batch sizes not affect batch sizes increase within-batch wait time decrease within-batch wait time What do just-in-time (JIT) manufacturers demand from their vendors? Question 4 options: High quality materials Low cost materials On-time deliveries All of the above Objectives of just-in-time (JIT) manufacturing include: Question 6 options: eliminating waste increasing inventory levels increased number of inspections all of the above Inventory reduction is a ____ principle. Question 7 options: just-in-time traditional processing economic wait time