Question: This question has more than one correct answer and they all must be selected. Select all the statements that are not true concerning the basic

This question has more than one correct answer and they all must be selected. Select all the statements that are not true concerning the basic philosophy of JIT system. One of the few disadvantages of a JIT system is the large storage area requirement for inventory. The JIT system eliminates buildup of inventories by coordinating the flow of materials between processes. For managers, a high level of inventory is regarded as the main resource that they can utilize for flawless operation of the manufacturing system. The JIT system seeks to increase value-added activities in the processes. Sufficient amounts of natural resources are the main element for the successful implementation of JIT systems

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