An automobile manufacturer
makes use of the Just-in-time (JIT) philosophy with regards to inventory
control. Which one of the following statements is NOT true with regards to the
JIT inventory strategy?

Question

Answer

JIT aims to reduce
uncertainty in demand

Answer

Inventories are minimised by increasing lead times and
batch sizes

Answer

JIT tries to eliminate
unnecessary inventories

Answer

JIT intends to reduce
uncertainty in production processes

Answer

JIT-driven firms will still
have inventory, just at lower quantities than non-JIT organisations

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An automobile manufacturer makes use of the Just-in-time (JIT) philosophy with r...

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