What do just-in-time manufacturers demand from their vendors, Accounting Basics

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What do just-in-time manufacturers demand from their vendors

1.Which of the following is an example of value-added time?

Processing time
Wait time during inspection
Wait time in inventory
Both B and C

2.The just-in-time (JIT) philosophy attempts to reduce setup times, which will:

increase batch sizes
not affect batch sizes
increase within-batch wait time
decrease within-batch wait time

3.What do just-in-time (JIT) manufacturers demand from their vendors?

High quality materials
Low cost materials
On-time deliveries
All of the above

4.Objectives of just-in-time (JIT) manufacturing include:

eliminating waste
increasing inventory levels
increased number of inspections
all of the above

5.Inventory reduction is a ____ principle.

just-in-time
traditional processing
economic
wait time

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Accounting Basics: What do just-in-time manufacturers demand from their vendors

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