Which of the following is characteristic of the JIT philosophy?
A) Inventories are an asset
B) Lot sizes are optimized by formula
C) Tolerate some scrap
D) Elimination of waste
E) Rigidity

Question

Quizplus · Accepted Answer

The JIT philosophy is centered on eliminating waste in all forms. This includes excess inventory, overproduction, waiting times, unnecessary movement, and any other inefficiencies that do not add value to the final product. The other choices are not characteristic of the JIT philosophy - inventories are seen as a liability, lot sizes are optimized based on demand and not formula, and there is no tolerance for scrap in a JIT system. Additionally, rigidity is not a desirable quality in a JIT system, as it requires flexibility and the ability to adapt to changing customer demands and production schedules.

Which of the Following Is Characteristic of the JIT Philosophy