1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
andre [41]
2 years ago
13

One of the huge benefits of just-in-time production is that the need for _______________ is eliminated.

Business
1 answer:
dsp732 years ago
4 0

One of the huge benefits of just-in-time production is that the need for "time" is eliminated.

<h3>What is just-in-time production?</h3>

With just-in-time (JIT) manufacturing, products are produced as needed, rather than in excess or ahead of schedule.

Some characteristics of just-in-time are-

  • With just-in-time (JIT) manufacturing, products are produced as needed, rather than just-in-time (JIT) inventory system is a management strategy that aligns raw-material orders from suppliers directly with production schedules in excess or ahead of schedule.
  • Because Toyota, a vehicle manufacturer, introduced just-in-time manufacturing in the 1970s, the practise is often referred to as the Toyota Production System (TPS).
  • To prevent work-in-process overcapacity, JIT is frequently used in conjunction with the scheduling technique known as kanban.
  • The JIT production method depends on consistent output, excellent craftsmanship, no equipment failures, and trustworthy suppliers for its success.
  • The JIT system is also known as short-cycle manufacturing (as used by Motorola) and continuous-flow manufacturing (as used by IBM).

To know more about just-in-time inventory management, here

brainly.com/question/8842151

#SPJ4

You might be interested in
The following exchange demonstrates which problem solving technique?We pay higher costs than we need to when we go bowling becau
zlopas [31]
A.Fishbone Diagram because that's the answer
6 0
3 years ago
Read 2 more answers
What problems can result for an organization and its customers when the organization acts in an ethically questionable manner?
Marrrta [24]
Sales manager and buyer the organization acts in an ethically questionable manner
7 0
3 years ago
A market situation where a small number of sellers compose the entire industry is called
Nadusha1986 [10]

Answer:

The correct answer is: oligopoly.

Explanation:

A market structure where there are only a few firms is called an oligopoly market. These firms can be producing either identical products or differentiated products.  

Because of few firms, there is a high degree of competition in the market. The firms are price makers and face a downward sloping curve.  

There is interdependence in the market such that the economic decisions of a firm affects the price, profits and output level of its rivals. So the firms have to consider the reaction of its rivals before making an economic decision.

4 0
3 years ago
​Martinville, Inc. earned revenues of $ 17,000 and incurred expenses of $ 7,000. The company declared and paid cash dividends of
vladimir1956 [14]

Answer:

$10,000

Explanation:

A company's income is either shared out as dividends or kept in as retained earnings. Therefore, the total of retained earnings and dividend paid out is the net income. This is the amount that will reflect in the income statement. In other words, income is calculated first before dividends or retained earnings are declared.

For ​Martinville, income will be calculated first before dividends are paid. Net income will be

=revenue - expenses

=$17,000 -$7,000

=$10,000

Balance in the Income Summary account was $10,000

4 0
3 years ago
What can you suggest to warner Edwards in terms of marketing strategy
inessss [21]

Answer:

Warner Bros focuses a lot on the people as an organization whether it’s the employees or the customers. The key people involved are Kevin Tsujihara (Chairman and CEO), Edward A. Romano (Vice Chairman), Toby Emmerich (President and Chief Content Officer). Its parent company TIME Warner has over 31000 employees. The Warner Bros company and its people focus on diversity that helps in multicultural expansion, workforce development and inclusive growth. It does not differentiate between its customers and focus on providing quality content to all across the globe.

I would suggest that only advertisement doesn't make people to buy it.

7 0
3 years ago
Other questions:
  • Required Information
    10·1 answer
  • At the beginning of the year, Sigma Company's balance sheet reported Total Assets of $195,000 and Total Liabilities of $75,000.
    13·1 answer
  • Congratulations! Your portfolio returned 17.5​% last​ year, 2.2​% better than the market return of 15.3​%. Your portfolio had a
    12·1 answer
  • Which Swing Era bandleader was a virtuoso clarinetist, included a string section in his dance band, was married eight times, and
    10·1 answer
  • Choose the preferred sentence from each pair and justify your choice.
    10·1 answer
  • "You'll notice the trimming machine requires workers to pull two levers at the same time. Although this may appear inconvenient,
    10·1 answer
  • Why do you think it is important to understand GDP?
    12·1 answer
  • How are logical operators used?
    13·1 answer
  • Suppose a retail store was offering 10% off all prices on all goods. The incentive to take advantage of the 10% savings is:_____
    13·1 answer
  • Which choice is the best reason savings accounts are usually NOT the best
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!