D is corrent. The purpose of a "just-in-time" production system is to decrease the size of production runs while increasing the number of lots processed during the year. This production philosophy requires that inventory be delivered as it is needed, rather than held in large quantities. Inventory turnover is computed as
A is incorrect. The purpose of a "just-in-time" production system is to decrease the size of production runs while increasing the number of lots processed during the year. This production philosophy requires that inventory be delivered as it is needed, rather than held in large quantities. Inventory turnover is computed as
A is incorrect. The purpose of a "just-in-time" production system is to decrease the size of production runs while increasing the number of lots processed during the year. This production philosophy requires that inventory be delivered as it is needed, rather than held in large quantities. Inventory turnover is computed as
C is incorrect. The purpose of a "just-in-time "production system is to decrease the size of production runs while increasing the number of lots processed during the year. This production philosophy requires that inventory be delivered as it is needed, rather than held in large quantities. Inventory turnover is computed as
