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Just in time basics and supply chain management

Quiz by Sarah Ayyad

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19 questions
Show answers
  • Q1
    What is the main goal of Just-in-Time (JIT) inventory management?
    To increase storage space
    To maximize inventory levels
    To delay shipments until needed
    To minimize inventory levels and reduce waste
    30s
  • Q2
    Which of the following best describes 'lead time' in supply chain management?
    The time it takes to sell a product
    The time it takes from placing an order to receiving it
    The time taken to produce a product
    The time required for shipping only
    30s
  • Q3
    What role does supplier reliability play in Just-in-Time (JIT) systems?
    It only affects product quality
    It is not important for JIT
    It is relevant only in traditional inventory systems
    It is crucial for ensuring materials arrive on time
    30s
  • Q4
    What is a potential disadvantage of Just-in-Time (JIT) inventory management?
    Improved cash flow
    Increased risk of stockouts
    Higher inventory levels
    Lower transportation costs
    30s
  • Q5
    Which of the following is a key benefit of implementing Just-in-Time (JIT) principles?
    Higher overall inventory levels
    Reduced holding costs for inventory
    More complex supply chain processes
    Increased production lead times
    30s
  • Q6
    What does 'waste' refer to in the context of Just-in-Time (JIT) methodology?
    Any activity that does not add value to the product
    Time taken for quality checks
    Excessive inventory costs
    Transportation of goods to customers
    30s
  • Q7
    In supply chain management, what does 'just-in-time' primarily aim to eliminate?
    Quality control processes
    Transportation expenses
    Excess inventory
    Production downtime
    30s
  • Q8
    How does Just-in-Time (JIT) inventory management impact customer satisfaction?
    By increasing product prices
    By delaying delivery times
    By producing lower quality products
    By providing products in a timely manner to meet demand
    30s
  • Q9
    What type of relationship is most important between a manufacturer and its suppliers in a Just-in-Time (JIT) system?
    A competitive and distant relationship
    An informal and unstructured relationship
    A collaborative and dependable partnership
    A transactional relationship with minimal communication
    30s
  • Q10
    What is the primary goal of Just-in-Time (JIT) inventory management?
    To increase production time
    To enhance product variety
    To store excess materials
    To reduce inventory costs
    30s
  • Q11
    Which of the following is a key benefit of Just-in-Time (JIT) practices?
    Reduced waste
    Higher inventory levels
    Increased lead time
    More production delays
    30s
  • Q12
    In supply chain management, what does the term 'lead time' refer to?
    The time products sit in inventory
    The time it takes to fulfill an order
    The time suppliers take to provide materials
    The time it takes to produce a product
    30s
  • Q13
    What is a common challenge associated with Just-in-Time (JIT) inventory systems?
    Higher workforce requirements
    Supply chain disruptions
    Excess stock on hand
    Increased storage costs
    30s
  • Q14
    Which of the following concepts is essential for effective Just-in-Time (JIT) inventory management?
    Large warehousing spaces
    Strong supplier relationships
    Minimal communication
    Random procurement strategies
    30s
  • Q15
    What is one of the primary reasons companies implement Just-in-Time (JIT) systems?
    To improve efficiency
    To hire more employees
    To increase product prices
    To expand product lines
    30s

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