In: Accounting
1.Which of the following is a benefit of a just-in-time (JIT) system?
Multiple Choice
Production workers are always busy.
Fewer field warranty visits are required.
Scrap costs are reduced.
Funds that have been tied up in inventories can be used elsewhere.
2.A manufacturing company has implemented just in time (JIT) into their process. JIT is part of:
Multiple Choice
total quality management
process re-engineering.
the lean business model.
the theory of constraints.
Question =Which of the following is a benifit of a just in time system ?
Answer =. Scrap cost are reduced.
A just-in-time inventory system keeps inventory levels low by only producing for specific customer orders. The result is a large reduction in the inventory investment and scrap costs, though a high level of coordination is required.
Question. A manufacturing comany has implement just in time into their rocess. Just in time is a part of ..
Answer Total Quality management
JIT is a pull system that focuses on producing what is necessary when it is necessary and in necessary amounts allowing the pursue of quality, cost minimization, delivery time and waste reduction, while TQM aims to improve quality by continuous improvements of operations to guarantee free defects products. By understanding their relationship to each other, companies are motivated to adopt both strategies simultaneously, more precisely, implementing JIT as a component of TQM is essential for improving organizational performance.