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.

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

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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