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GrogVix [38]
4 years ago
6

Explain just in time(JIT) approach?

Business
1 answer:
amm18124 years ago
6 0
<span> is an inventory </span>strategy<span> companies employ to increase efficiency and decrease waste by receiving goods only as they are needed in the production process, thereby reducing inventory costs.</span>
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Consider consecutive processes A-B-C, where process A has a capacity of 20 units per hour, process B has a capacity of 25 units
g100num [7]

Answer:

The operation manager would want the inventory in front of process A based on the lean system.

Explanation:

To fully understand the basis on which we chose the answer, we need to define what a lean system is.

A Lean system refers to a business process plan. More a of business model canvass that meticulously deal with business process plan and development for the purpose of achieving maximum value in production, client and customer satisfaction while still at a reduced cost of running business.  It should also be noted that the lean system is mostly a continuum of existing process and subsequent process progress are mostly determined by the level of integrity attained by the primary design stage.

With the understanding gotten from the definition above, it then obvious from the narrative of the question that the process is consecutive. As such, follows a pattern of A to B to C and thus the level of integrity of process design achieved at A will be passed down to B and C.

This is the more reason why the operation manager will prefer to to want an inventory at A which is the primary point of start.

7 0
3 years ago
Read 2 more answers
The division of labor means that:_______.a) labor markets are geographically segmented. b) unskilled workers outnumber skilled w
rewona [7]

Answer:

c) workers specialize in various production tasks.

Explanation:

The division of labor means that people, instead of performing a large number of tasks by themselves, only perform a few, or a single task, for which they specialize.

The division of labor is a characteristic of the modern economy, and without it, the levels of production and technology that we have today would not be possible.

4 0
4 years ago
The movement of electricity is called: A. Amperage B. Current C. Voltage
ElenaW [278]
B. Current. Currents are the way electricity travels, voltage is how many volts of electricity is in the current and amperage is the strength of the current. 
6 0
3 years ago
Kleiner Merchandising Company Accumulated depreciation $ 700 Beginning inventory 13,500 Ending Inventory 8,100 Expenses 2,300 Ne
Neporo4naja [7]

Answer:

Check the following explanation

Explanation:

a) Goods available for sale = Beginning Inventory + Net Purchases

13500 + 17500 = 31000

Cost of goods sold = Goods available for sale - Ending Inventory

31000 - 8100 = 22900

Gross Profit = Net Sales - Cost of goods sold

26500 - 22900 = 3600

b) Net Income for Krug Service Company = Revenues - Expenses

= 31000 - 10500

= 20500

Net Income for Kleiner Merchandising Company = Gross Profit (Computed Above) - Expenses

= 3600 - 2300

= 1300

8 0
4 years ago
What are your thoughts on credit cards and savings accounts?
sergejj [24]
I think it's a good thing and smart in some ways
4 0
3 years ago
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