Question: Advantages of JIT over conventional systems include ( mark all that apply ) : Reduced holding costs ( due to reduced inventories ) Reduced uncertainty

Advantages of JIT over conventional systems include (mark all that apply):
Reduced holding costs (due to reduced inventories)
Reduced uncertainty in demand.
Tighter relationships with suppliers may result in delivery quantities and timings that match the rates of product flows.
Quick detection of quality problems

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
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 General Management Questions!

Q:

On 1 April 2007, Fino increased the operating capacity of its plant. Due to a lack of liquid funds it was unable to buy the required plant which had a cost of $350,000. On the recommendation of the...

Q:

I need to create an executive level report on the internal management of Belk. Inc. My assignment is that I am looking to acquire Belk, What information and analysis do I need to have in this report?...

Q:

Help on Financial Statement analysis homework, need a perfect solution to improve grade UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10- K (Mark One) 3 ANNUAL REPORT...

Q:

According to the Apple Inc. 2017 Annual Report, answer the following questions: The company 2017 net income is higher than the net income in 2016, Why did net income increase? What effective income...

Q:

Hello, I am needing help on this assignment please ASAP so I can study it as I have a test on Thursday over this and many other things. let me know if there are any questions. Thank you. UNITED...

Q:

Project Management Casebook David I. Cleland, Karen M. Bursic, Richard Puerzer, and A. Yaroslav Vlasak Library of Congress Cataloging-in-PublicationData Project management casebook /edited by David...

Q:

I need help figuring this ratio ASAP. The 10K I am using is attached. I would like an explanation if possible, not just an answer. I need to figure out where this information is even at. Thank you so...

Q:

Summarize the evolution of cost processing in Greece from 1985-2015. Your response must be at least 400 words in length. The evolution of costing during the period 1985-2015: Progress or inactivity?...

Q:

There are 3 attachments. The first attachment are the instructions and questions that are to be answered. The following 2 attachments are useful items needed to complete the questions properly....

Q:

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year...

Q:

There are 3 attachments. The first attachment are the instructions and questions that are to be answered. The following 2 attachments are useful items needed to complete the questions properly....

Q:

The glass plates in Fig. 24.30 are separated by a thin, round filament. When the top plate is illuminated normally with light of wavelength 550 nm, the filament lies directly below the sixth maximum...

Q:

A simple pendulum has a mass of 0.250 kg and a length of 1.00 m. It is displaced through an angle of 15.0 and then released. What are (a) the maximum speed, (b) The maximum angular acceleration, and...

Q:

29. Super Sports began operations March 1, 20X1. The firm sells its merchandise for cash; on open account; to customers using bank credit cards, such as MasterCard and Visa; and to customers using...

Q:

Is the law entirely neutral based on bias, assumptions, structural setup, and economic inequalities, Also what is the concept of neutrality in the legal system and what is the the importance of...