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The benefits of a successful Just-In-Time system include all of the following except: funds tied up in inventories are released for use elsewhere
The benefits of a successful Just-In-Time system include all of the following except:
-
- funds tied up in inventories are released for use elsewhere.
- inventory buffers are increased.
- throughput time is reduced.
- defect rates are decreased.
Expert Solution
Answer: b . inventory buffers are increased .
Just-In-Time inventory system refers to the management system that align raw material directly from the suppliers with production schedule. This is a strategy which reduces the cost of holding inventory at warehouse as in this strategy goods are produced only when the demand for the goods are there. Therefore, it does not increases the inventory buffer or the stock of inventory.
Hence, Option B is the correct answer.
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