Question 1. What is JIT?

Question

Want to see more full solutions like this?

Answer 1

Textbook Question

Chapter 16, Problem 2DQ

Question

1. What is JIT?

Expert Solution & Answer

Summary Introduction

To Explain: Just in Time.

Introduction: JIT is known as Just in time and is a popular approach which is widely used in many industries to cut the cost and expenses. It is a technique which aims to reduce inventory and achieve maximum cost reduction.

Explanation of Solution

JIT:

A manufacturing method that company uses to reduce wastes and improves efficiency by obtaining the materials only when they are needed for production. This reduces the inventory cost and improves the accuracy of forecasting.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

Question 5 a) Explain the philosophy of Just In Time (JIT) b) Explain any FIVE (5) benefits of a JIT system

Question 16 Which of the following best explains why we had to dispose of the utensils between plates? 1. To keep the supply companies in business 2. To prevent cross contaminating the plates

According to the Dependence Effect, consumers control the market through their purchases and so direct what is produced. Question 10 options: True False

Answer 2

Textbook Question

Chapter 16, Problem 2DQ

Question

1. What is JIT?

Expert Solution & Answer

Summary Introduction

To Explain: Just in Time.

Introduction: JIT is known as Just in time and is a popular approach which is widely used in many industries to cut the cost and expenses. It is a technique which aims to reduce inventory and achieve maximum cost reduction.

Explanation of Solution

JIT:

A manufacturing method that company uses to reduce wastes and improves efficiency by obtaining the materials only when they are needed for production. This reduces the inventory cost and improves the accuracy of forecasting.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Textbook Question

Chapter 16, Problem 2DQ

Question

1. What is JIT?

Expert Solution & Answer

Summary Introduction

To Explain: Just in Time.

Introduction: JIT is known as Just in time and is a popular approach which is widely used in many industries to cut the cost and expenses. It is a technique which aims to reduce inventory and achieve maximum cost reduction.

Explanation of Solution

JIT:

A manufacturing method that company uses to reduce wastes and improves efficiency by obtaining the materials only when they are needed for production. This reduces the inventory cost and improves the accuracy of forecasting.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Textbook Question

Chapter 16, Problem 2DQ

Question

1. What is JIT?

Expert Solution & Answer

Summary Introduction

To Explain: Just in Time.

Introduction: JIT is known as Just in time and is a popular approach which is widely used in many industries to cut the cost and expenses. It is a technique which aims to reduce inventory and achieve maximum cost reduction.

Explanation of Solution

JIT:

A manufacturing method that company uses to reduce wastes and improves efficiency by obtaining the materials only when they are needed for production. This reduces the inventory cost and improves the accuracy of forecasting.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Textbook Question

Answer 6

Textbook Question

Answer 7

Expert Solution & Answer

Summary Introduction

To Explain: Just in Time.

Introduction: JIT is known as Just in time and is a popular approach which is widely used in many industries to cut the cost and expenses. It is a technique which aims to reduce inventory and achieve maximum cost reduction.

Explanation of Solution

JIT:

A manufacturing method that company uses to reduce wastes and improves efficiency by obtaining the materials only when they are needed for production. This reduces the inventory cost and improves the accuracy of forecasting.

Answer 8

Expert Solution & Answer

Summary Introduction

To Explain: Just in Time.

Introduction: JIT is known as Just in time and is a popular approach which is widely used in many industries to cut the cost and expenses. It is a technique which aims to reduce inventory and achieve maximum cost reduction.

Explanation of Solution

JIT:

A manufacturing method that company uses to reduce wastes and improves efficiency by obtaining the materials only when they are needed for production. This reduces the inventory cost and improves the accuracy of forecasting.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Summary Introduction

To Explain: Just in Time.

Introduction: JIT is known as Just in time and is a popular approach which is widely used in many industries to cut the cost and expenses. It is a technique which aims to reduce inventory and achieve maximum cost reduction.

Answer 12

Explanation of Solution

JIT:

A manufacturing method that company uses to reduce wastes and improves efficiency by obtaining the materials only when they are needed for production. This reduces the inventory cost and improves the accuracy of forecasting.

Answer 13

Ch. 16 - Question 1. What is JIT?Ch. 16 - Prob. 1DQ Ch. 16 - Question 3. What is TPS?Ch. 16 - Question 4. What is level scheduling?Ch. 16 - Question 5. JIT attempts to remove delays, which...Ch. 16 - Prob. 6DQ Ch. 16 - Prob. 8DQ Ch. 16 - Question 9. Discuss how the Japanese word for card...Ch. 16 - Question 10. Standardized, reusable containers...Ch. 16 - Prob. 11DQ

Question 1. What is JIT?

Concept explainers

Videos

Explanation of Solution

Want to see more full solutions like this?

Chapter 16 Solutions