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31 October, 14:21

Regarding the relationship between inventory management and JIT systems, which of the following (if any) are true?

a. JIT systems require careful inventory management.

b. Since JIT seeks to reduce inventory to a bare minimum, inventory management is not really an issue anymore.

c. Inventory management and JIT are independent notions that do not relate to each other.

d. JIT systems work very well if supplier and manufacturer inventory systems can be integrated into one system.

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  1. 31 October, 14:28
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    Options A and D are true.

    JIT systems require careful inventory management. JIT systems work very well if supplier and manufacturer inventory systems can be integrated into one system.

    Explanation:

    Doing JIT accurately infers having exact interest gauges and attention to buyers' buying propensities consistently. Any miscomputation could have a significant negative effect on business capacities.

    For it to get effective, JIT conveyance needs a profoundly responsive and adaptable production network. The responsiveness level is characterized by how quick the store network can adjust to oblige the 4 essential spaces of adaptability in light of an outside upgrade like a shopper request: item, volume,
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