Which of the following statements about the lean approach and JIT is false?
A) JIT tends to focus on product movement from manufacturer to retailer
B) organizations should give careful consideration before adopting a lean philosophy
C) the lean approach views inventory as waste
D) trucking is an important mode of transportation in JIT systems
E) all of the above are true
Correct Answer:
Verified
Q25: All of the following are suggestions for
Q27: ABC analysis of inventory _.
A)applies activity-based costing
Q28: Concerning the EOQ model, if the ordering
Q28: Inventory flow diagrams illustrate that safety stock
Q30: Dead inventory (dead stock) refers to a
Q32: _ products refer to those that customers
Q34: _ recognizes that all inventories are not
Q46: Inventories are stocks of goods and materials
Q47: Inventory carries its greatest costs after value
Q58: Buffer stock is also referred to as
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