Which of the following is an advantage of just-in-time production?
A) Productive tools are flexible or lean.
B) Homogeneous hiring allows firms to pay workers a homogeneous wage.
C) Fewer productive inputs are tied up in inventories.
D) This type of production calls for dramatic organizational restructuring.
E) Workers are induced to operate at comparatively higher levels of effort.

Question

Quizplus · Accepted Answer

Just-in-time production allows firms to reduce their inventory holdings, freeing up resources that would otherwise be tied up in storing and maintaining inventory. This can result in cost savings and improved efficiency.

Which of the Following Is an Advantage of Just-In-Time Production