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
harina [27]
3 years ago
14

A production system in which there is little or no delay time and idle-in process and finished goods inventory is called a______

____.
Business
2 answers:
AveGali [126]3 years ago
8 0

Answer:

Just in time inventory system

Explanation:

Just in time inventory system is on that ensures that the amount of a product needed is available to the consumer and no more is stockpiled.

For this inventory style to be successful the business will need to forecast accurately the demand of customers.

Just in time inventory system is aimed at increasing efficiency and reducing cost such as storage cost.

There is little or no delay time and idle-in process and finished goods inventory

pantera1 [17]3 years ago
3 0

Answer:

Just-In-Time Production System.

Explanation:

Just-In-Time Production System stands in direct contrast with Just-In-Case (JIC) production methodology where goods are manufactured and held in stock with the intention to prevent a situation where there is no inventory for that product. One of the key reasons why some companies may practice the traditional Just-In-Case system is to prevent the loss of key suppliers and or key buyers for that product. Other factors that lead owners of manufacturing concerns to practice JIC is may be due to the existing inefficiencies of the system such as poor quality control, bad roads, and other uncertainties in the system which can contribute to a break in supply.

In the absence of these factors, Just-In-Time (JIT) production system becomes very preferred. The JIT (also known as the Toyota Production System was designed to remove waste of various categories, thus leading to lower production costs.

According to the philosophy of Toyota, the various types of wastage which can occur are:

  • Movement
  • Staff Underutilization
  • Excessive Inventory
  • Processing Unwanted goods
  • Transporting unwanted goods
  • Excessive production
  • Time taken to execute the process and
  • Defective production

It is interesting to note that the TPS was refined by Kiichiro Toyoda, based on an idea gotten from an American supermarket.

Cheers!

You might be interested in
As a graphic artist, Randy has just finished a new calendar. The calendar cost him $1.00 for the glossy paper, $3.00 for the six
Yanka [14]

Answer:

Break-even units = 66.67 units

Explanation:

<em>Break-even point is the level of activity that achieves no profit or loss. At this level profit is zero because the the total revenue is equal to total cost.</em>

<em>The break-even point is calculated as </em>

<em>Units to achieve target profit = (Total general fixed cost for the period + target profit)/ contribution per unit</em>

Contribution per unit = Selling Price - Variable cost

Contribution per unit = 15- (1+3+0.50) = 10.5

Fixed cost = 500 +( 50× 4) = 700

So the units requited to achieve break-even point:

Break-even point =  700/10.5

                            = 66.67 units

4 0
3 years ago
Paul White was assigned to a senior employee responsible for instructing new computer programmers. Because of this senior employ
VladimirAG [237]

Answer:

On the job

Explanation:

Paul has experienced ‘On the job’ training; the employees can gain proficiency with the skills that are required to be performed in the real work conditions and furthermore gets familiar with the workplace. Likewise, the organisation does not have to pay extra cost of setting up a study hall arrangement for granting preparing to the workers; they acquire training on the job.

5 0
3 years ago
Which of the following describes the process whose ultimate result is Illustrated by the multiplier (the result being that gross
mafiozo [28]

Answer:

2. When people spend money, that money ends up In the pockets or bank accounts of other people (or organizations) who then use that money in some way.

Explanation:

In the economy exist different types of agents: people, government and enterprises. No more.

5 0
3 years ago
Quizlet, In a security review meeting, you are asked to calculate the single loss expectancy (SLE) of an enterprise building wor
sergiy2304 [10]

The formula that should be use to calculate the SLE will be SLE = 100,000,000 × 0.75

<h3>What is the Single-loss expectancy?</h3>

Single-loss expectancy is the monetary value expected from the occurrence of a risk on an asset. This is related to risk management and risk assessment where the exposure factor is represented in the impact of the risk over the asset, or percentage of asset lost.

The Single Loss Expectancy is used for Risk Management and it is the expected monetary loss when a risk occurs.

The  Single Loss Expectancy is related to Asset Value a exposure Factor. The formula used to compute the SLE is single Loss Expectancy (SLE) = Asset Value (AV) × Exposure Factor (EF)

In the given problem the asset value of the enterprise building is $100,000,000 & the exposure factor 75%.

So the formula used to calculate the Single Loss Expectancy (SLE) is

SLE = 100,000,000 × 0.75.

Learn more about single loss expectancy on:

brainly.com/question/17088011

#SPJ1

Complete question:

a. 100,000,000 * 0.75/.01

b. 100,000,000/100 * 0.75

c. 100,000,000/0.75 * 100

d. 100,000,000 * 0.75

7 0
2 years ago
Company openness depends on the strength of the company’s grapevine.<br> a. True<br> b. False
Morgarella [4.7K]

Answer:

The correct answer is: False

Explanation:

4 0
3 years ago
Other questions:
  • According to​ Zane, it was difficult for him to empower his employees and not​ micromanage; however, he realized that being resp
    8·1 answer
  • Which part of a modern firearm has the same function as the lock on a muzzleloader?
    15·1 answer
  • As leader of your company's Web team, you have been asked to give an oral presentation of plans for your company's new Website.
    7·1 answer
  • Some years ago, chemists at 3M Corporation were trying to create a super-strong glue. Somehow they got their molecules twisted a
    14·1 answer
  • Westford Corporation has $185 million dollars of interest-bearing debt outstanding at the end of fiscal 2014 year. In addition,
    13·1 answer
  • Suppose the economy is operating at an output of $4,000 billion. Assume furthermore that potential output is $5,000 billion and
    15·1 answer
  • Part U16 is used by Mcvean Corporation to make one of its products. A total of 13,000 units of this part are produced and used e
    12·1 answer
  • Adverse selection occurs in the market for used cars because used car buyers ______
    6·1 answer
  • Mauve inc. purchased a global data collection and management system that provides detailed information about each of its custome
    8·1 answer
  • 1. XYZ Co. incurred the following costs related to the office building used in operating its sports supply company: a. Replaced
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!