Which of the following statements about the just-in-time (JIT) system is true? a. When using the JIT system, a firm should protect itself against uncertainty by maintaining a reserve inventory at production and stocking points. b. The JIT system is used in situations where demand and forecasting are reliable. c. The JIT system is used in situations where inventory will be stored over significant periods of time. d. The JIT system raises inventory costs.

Practical Management Science
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ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Which of the following statements about the just-in-time (JIT) system is true?
a. When using the JIT system, a firm should protect itself against uncertainty by
maintaining a reserve inventory at production and stocking points.
b. The JIT system is used in situations where demand and forecasting are
reliable.
c. The JIT system is used in situations where inventory will be stored over
significant periods of time.
d. The JIT system raises inventory costs.
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Transcribed Image Text:Which of the following statements about the just-in-time (JIT) system is true? a. When using the JIT system, a firm should protect itself against uncertainty by maintaining a reserve inventory at production and stocking points. b. The JIT system is used in situations where demand and forecasting are reliable. c. The JIT system is used in situations where inventory will be stored over significant periods of time. d. The JIT system raises inventory costs. Next page Desktop mpt3D113524&cmid%3D941798&page=D7 F10 F9
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