(1) Concept introduction: Just-in-time (JIT) stock system is a trick that producers make use to lift effectiveness and reduce waste by accepting goods only as they are required in the manufacturing process, thereby dipping the cost of inventory. The amount G can reduce its level of stock to match A’s system of maintaining a stock equal to 10% of succeeding month sales.
(1) Concept introduction: Just-in-time (JIT) stock system is a trick that producers make use to lift effectiveness and reduce waste by accepting goods only as they are required in the manufacturing process, thereby dipping the cost of inventory. The amount G can reduce its level of stock to match A’s system of maintaining a stock equal to 10% of succeeding month sales.
Solution Summary: The author explains that just-in-time (JIT) stock system is a trick that producers make use of to lift effectiveness and reduce waste by accepting goods only as they are required in the manufacturing process.
Just-in-time (JIT) stock system is a trick that producers make use to lift effectiveness and reduce waste by accepting goods only as they are required in the manufacturing process, thereby dipping the cost of inventory.
The amount G can reduce its level of stock to match A’s system of maintaining a stock equal to 10% of succeeding month sales.
To determine
(2)
Concept introduction:
Just-in-time (JIT) stock system is a trick that producers make use of to lift effectiveness and reduce waste by accepting goods only as they are required in the manufacturing process, thereby dipping the cost of inventory.
To explain:
Analysis of closing stock level for 30% and 10% require stock policies in justifying ‘just in time’ stock system.