Customers' customers purchases are based on: Multiple Choice just-in-time (JIT) inventory control. derived deman...
Customers' customers purchases are based on:
Multiple Choice
-
just-in-time (JIT) inventory control.
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derived demand.
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direct demand.
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economies of scale in production.
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the competitive advantage offered by other sellers.
Homework Answers
Derived demand is the type of demand for a commodity, service, etc. which is a consequence of the demand for something else.
This the answer is b)
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Customers' customers purchases are based on: Multiple Choice just-in-time (JIT) inventory control. derived deman...
The primary advantage of a just-in-time inventory system is: Multiple Choice The primary advantage of a...
The primary advantage of a just-in-time inventory system is:
Multiple Choice
The primary advantage of a just-in-time inventory system is: Multiple Choice The amount of money tied up in inventory is minimized. O Customers are afforded a wider selection of merchandise available for immediate delivery. o The company is able to use the specific identification method of inventory pricing. ooo The risks of losing sales opportunities or of having to shut down manufacturing operations because of inventory shortages are minimized.
A disadvantage of the JIT inventory system is the Multiple Choice -lack of a buffer stock...
A disadvantage of the JIT inventory system is the Multiple Choice -lack of a buffer stock of inventory against supply fluctuations. -inability to identify the origin of defective parts used in production. -increase in storage space and inventory-holding costs. -increase in the cost of capital tied up in inventory.
Explain how the production schedule is developed and communicated to the shop-floor in a Just-in-Time (JIT)...
Explain how the production schedule is developed and communicated to the shop-floor in a Just-in-Time (JIT) manufacturing system. Q. B8 (a) (10 marks) Define kanban as it is understood in JIT systems and explain the role and operation of a conveyance or C kanban in the production system. (b) (6 marks) (c) Data for a particular part that is controlled by a two-card kanban system on a JIT feeder line is as follows: daily demand: 500 units average waiting and...
Just in time (JIT) is an inventory management method whereby materials, goods, and labor are scheduled...
Just in time (JIT) is an inventory management method whereby materials, goods, and labor are scheduled to arrive or be replenished exactly when needed in the production process? Using this concept of JIT and Lean Thinking you should answer the following questions by taking any Saudi Manufacturing company. Question: 1. Why Companies adopted JIT model? 2. Assess the reasons for using lean thinking. What are the benefits from Suppliers to end users? Using examples and Reasons why Company more focus...
1. What is the primary benefit of just-in-time (JIT) systems compared with traditional materials requirement planning...
1. What is the primary benefit of just-in-time (JIT) systems compared with traditional materials requirement planning (MRP) systems? a. Replacement of a "demand pull" manufacturing strategy with "push through" b. Increased safety stocks at all levels in a system c. Maximization of production runs to accommodate complete product lines d. Reduced inventory through a system
Multiple Choice Question 68 Oriole Company just began business and made the following four inventory purchases...
Multiple Choice Question 68 Oriole Company just began business and made the following four inventory purchases in June: June 1 220 units $1574 June 10 270 units 2160 June 15 270 units 2322 June 28 220 units 1980 $8036 A physical count of merchandise inventory on June 30 reveals that there are 280 units on hand. Using the average cost method, the amount allocated to the ending inventory (rounded to whole dollar) on June 30 is
ESOURCES Multiple Choice Question 57 A company just starting business made the following four inventory purchases i...
ESOURCES Multiple Choice Question 57 A company just starting business made the following four inventory purchases in June Date Number of units purchased Total cost June 1 $ 390 June 10 June 15 June 28 160 units 180 units 180 units 150 units A physical count of merchandise inventory on June 30 reveals that there are 250 units on hand. Using the UFO inventory method, the value of the ending invertory on June 10 $1320 $680 $900. $1429
Which is true of free trade blocs like the EU? Multiple Choice Individual markets for goods shrink. Consumers in...
Which is true of free trade blocs like the EU? Multiple Choice Individual markets for goods shrink. Consumers in each country have less choice as competition effects come into play. Companies can capitalize on economies of scale in production. First-mover advantages are prevalent. The cost of production generally rises because of import tariffs. Based on the information provided in the video, which philosophy best describes Donald Trump's perspective on trade between nations? Multiple Choice U.S. trade policy under Trump is pro free trade. Under Trump, the United States...
Activity-Based Customer-Driven Costs Suppose that Stillwater Designs has two classes of distributors: JIT distributors and non-JIT...
Activity-Based Customer-Driven Costs Suppose that Stillwater Designs has two classes of distributors: JIT distributors and non-JIT distributors. The JIT distributor places small, frequent orders, and the non-JIT distributor tends to place larger, less frequent orders. Both types of distributors are buying the same product. Stillwater Designs provides the following information about customer-related activities and costs for the most recent quarter: JIT Distributors Non-JIT Distributors Sales orders 700 70 Sales calls 70 70 Service calls 350 175 Average order size 750...
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 5)...
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 5) Monopoly is a market structure in which: A) one firm makes up the entire market. B) many firms produce differentiated products. C) many firms produce identical products. D) a few firms dominate the market. 6) A market structure in which one firm makes up the entire market is: A) perfect competition. B) an oligopoly. C) monopolistic competition. D) a monopoly. 7) The demand curve...
The primary advantage of a just-in-time inventory system is:
Multiple Choice
The primary advantage of a just-in-time inventory system is: Multiple Choice The amount of money tied up in inventory is minimized. O Customers are afforded a wider selection of merchandise available for immediate delivery. o The company is able to use the specific identification method of inventory pricing. ooo The risks of losing sales opportunities or of having to shut down manufacturing operations because of inventory shortages are minimized.
Explain how the production schedule is developed and communicated to the shop-floor in a Just-in-Time (JIT) manufacturing system. Q. B8 (a) (10 marks) Define kanban as it is understood in JIT systems and explain the role and operation of a conveyance or C kanban in the production system. (b) (6 marks) (c) Data for a particular part that is controlled by a two-card kanban system on a JIT feeder line is as follows: daily demand: 500 units average waiting and...
ESOURCES Multiple Choice Question 57 A company just starting business made the following four inventory purchases in June Date Number of units purchased Total cost June 1 $ 390 June 10 June 15 June 28 160 units 180 units 180 units 150 units A physical count of merchandise inventory on June 30 reveals that there are 250 units on hand. Using the UFO inventory method, the value of the ending invertory on June 10 $1320 $680 $900. $1429
Which is true of free trade blocs like the EU? Multiple Choice Individual markets for goods shrink. Consumers in each country have less choice as competition effects come into play. Companies can capitalize on economies of scale in production. First-mover advantages are prevalent. The cost of production generally rises because of import tariffs. Based on the information provided in the video, which philosophy best describes Donald Trump's perspective on trade between nations? Multiple Choice U.S. trade policy under Trump is pro free trade. Under Trump, the United States...
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 5) Monopoly is a market structure in which: A) one firm makes up the entire market. B) many firms produce differentiated products. C) many firms produce identical products. D) a few firms dominate the market. 6) A market structure in which one firm makes up the entire market is: A) perfect competition. B) an oligopoly. C) monopolistic competition. D) a monopoly. 7) The demand curve...
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