Question 13
POST_UTME_AFE_BABALOLA_UNIVERSITY
•
2019
•
COMMERCE
•
objective
A company is considering the use of just-in-time (JIT) inventory management system. What are the advantages and disadvantages of using a JIT system?
Answer Options
Correct Answer
A.
Advantages: reduced inventory costs, improved product quality, and increased efficiency. Disadvantages: increased risk of stockouts, higher transportation costs, and reduced flexibility.
B.
Advantages: reduced inventory costs, improved product quality, and increased efficiency. Disadvantages: increased risk of stockouts, higher transportation costs, and reduced flexibility.
C.
Advantages: reduced inventory costs, improved product quality, and increased efficiency. Disadvantages: increased risk of stockouts, higher transportation costs, and reduced flexibility.
D.
Advantages: reduced inventory costs, improved product quality, and increased efficiency. Disadvantages: increased risk of stockouts, higher transportation costs, and reduced flexibility.
Correct Answer
A
Correct Option:
Advantages: reduced inventory costs, improved product quality, and increased efficiency. Disadvantages: increased risk of stockouts, higher transportation costs, and reduced flexibility.
About This Question
This is
Post Utme Afe Babalola University
2019
Commerce
Question 13.
It is one of the
objective
questions from the
2019
Post Utme Afe Babalola University
Commerce
examination.