Question: Just as lean systems are also called just-in-time systems, earlier approaches to inven- tory control are sometimes called just-in-case systems. The phrase just-in-case refers to

Just as lean systems are also called just-in-time systems, earlier approaches to inven- tory control are sometimes called just-in-case systems. The phrase just-in-case refers to what?

Step by Step Solution

★★★★★

3.36 Rating (165 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

The phrase justincase refers to the traditional approach to inventory control where organizations hold large inventories of materials components or fi... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Operations Management Questions!

A small 200-g collar C can slide on a semicircular rod which is made to rotate about the vertical AB at the constant rate of 6 rad/s. Determine the minimum required value of the coefficient of static...

Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

Please help with the discusin questions ! I give thumbs up Case #1: Hailing a New Era: Haier in Japan As one of the most valuable brands in China, Haier designs,manufactures, and sells various home...

A system held inventory to protect it from uncertainties in supply. In an effort to be lean, this inventory is used and not replaced, although the uncertainties in supply remain unchanged. What is...

Just as lean systems are also called just-in-time systems, earlier approaches to inventory control are sometimes known as just-in-case systems. The phrase just-in-case refers to what?

Spend analysis Stock-keeping unit (SKU) 10 Three-way match Utilization ty Images; @ monsity/ Getty Images Vendor master health care? iency? CHAPTER 17 applied, and what are the steps to fol-...

Please read the question Question: On pages 5 and 6 the authors write, "Narrative provides not only meaning but also a mental framework for imbuing future experiences and information with meaning, in...

Based on Chapter 3 "Operational Finance", describe how ratio analysis can be useful to operations management e system: Teaching Medicine, 329(14) mpetitive business CT: Greenwood 10 ad how they work....

Unit 2: Designing the Operations Designing the operations of an organization or your department - precedes operational management. For .ll _ . example, suppose a wallet manufacture's mission is to '...

Exploring Law and Culture by Dorothy H. Bracey Provided in images chapter 3-4 pgs 1. Brief Summary for chapter 3: Typology 2 . Brief Summary for chapter 4: Western law 3. These two chapters basically...

Question Cerdik Sdn Bhd closes its accounts on 30 September. The following balances have been extracted from the business's ledgers as at 30 September 2021: Debit (RM) Capital Sales Accounts payable...

Implement a binary search decision tree a decision tree. Include a decision tree for if you should take a course (or other decision you wish to make.) First draw the tree. Next implement a...

Select from the following list the dis - advantages of virtualization.

Study on waking sleepers early. Scientists have discovered increased levels of the hormone adrenocorticotropin in people just before they awake from sleeping (Nature, Jan. 7, 1999). In the study...

A department store in Beijing, China, has arranged to purchase specially-designed sweatshirts from a clothing manufacturer in Hong Kong. When the sweatshirts arrive in Beijing in lots of 2000 units,...

Give an example of a product or service you have encountered that was poorly designed. Read about more bad designs at the bad designs website www.baddesigns.com. Make a list of the factors that make...

Problem 7-47 Finding Missing Data (LO 7-2, 3) A new computer virus (AcctBGone) destroyed most of the company records at BackupsRntUs. The computer experts at the company could recover only a few...

Which formula in cell F24 DOES NOT accurately compute the value of total assets? Multiple Choice F1-F15-E17-E18-F23 F6-F7-F8-F9-F10-E13-E14-E17-E18-F20-F23 F11-F15-E17-E18-F20-F23 F11-F15-F21-F23...

The bookkeeper for Baird's Country Music Bar left this incomplete balance sheet. Baird's working capital is $104,000 and its debt to assets ratio is 40 percent Required Complete the balance sheet by...