Which one of the following statements about the just-in-time (JIT) system is not correct?

Question

Answer

The application of the JIT system will imply that larger quantities will be ordered less often.

Answer

JIT is based on the premise that actual orders for finished products are converted into orders for raw material and components.

Answer

The JIT system is a refinement of the material-requirements-planning system.

Answer

The JIT philosophy endeavours to manufacture products without incurring significant inventory costs.

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