Just-In-Time Inventory Management Quiz

What is the primary goal of the Just-In-Time (JIT) inventory management method?

• To enhance product quality

• To expand storage facilities

• To reduce inventory holding costs

• To increase production speed

Who is credited with developing the JIT system at Toyota?

• Henry Ford

• James Wac

• Kichiro Toyota

• Taiichi Ono

Which industry did Nike apply JIT to improve production efficiency?

• Technology

• Apparel

• Automotive

• Fast Food

How did Dell utilize JIT in the technology industry?

• By stocking large warehouses

• By ordering parts as needed

• By pre-assembling computers

• By outsourcing production

What is one major benefit of JIT related to inventory?

• Increased inventory waste

• Higher storage costs

• Longer lead times

• Reduced inventory waste

How does JIT affect warehouse holding costs?

• Has no effect on costs

• Decreases costs

• Keeps costs the same

• Increases costs significantly

What is a potential risk of relying on JIT inventory management?

• Higher employee turnover

• Excessive inventory buildup

• Unreliable suppliers

• Increased production time

What can cause a JIT system to break apart?

• Strong supplier relationships

• Stable production operations

• Precise forecasting

• Natural disasters

Which of the following is a drawback of JIT during a global pandemic?

• Increased demand for products

• Disrupted supply chains

• Excessive inventory storage

• Improved supplier relationships

What is a key guideline for companies implementing JIT?

• Ignore supplier relationships

• Focus on long-term storage

• Increase production variability

• Maintain good supplier relationships