
Just in Time

Quiz
•
Business
•
11th Grade
•
Hard
Hannie Verita
Used 9+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What inventory system developed by Toyota?
Kaizen
Just in Time
Lean Production
Cell Production
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
How did JIT benefit Toyota?
Land and resources were scare
No room for storage
Labor cost was high
Sales was low
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
JIT could also means
Buy in bulk
Just enough stock
High inventory
Zero inventory
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What are the conditions of JIT?
Supply is near
Many suppliers
Reliable supplier
Flexible workers and equipments
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What are the costs of holding inventory?
Storing cost
Expired stock
Lead time will be short
Customer will have to wait
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What are the disadvantages of holding low inventory?
Low cost
Opportunity cost
Lost of sales
Economies of scale
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When should a business order more stocks?
Lead time
Maximum level
Minimum level
Reorder point
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