Question 9
POST_UTME_OSUSTECH
•
2025
•
COMMERCE
•
objective
A company is considering using a just-in-time (JIT) inventory system. Discuss the advantages and disadvantages of JIT, and explain how a company can implement JIT effectively.
Answer Options
A.
JIT can provide a company with significant cost savings, improved inventory turnover, and increased efficiency. However, JIT can also be challenging to implement due to the need for precise forecasting and tight inventory control.
B.
JIT can provide a company with significant cost savings, improved inventory turnover, and increased efficiency. However, JIT can also be challenging to implement due to the need for precise forecasting and tight inventory control, and may require significant investments in technology and training.
C.
JIT can provide a company with significant cost savings, improved inventory turnover, and increased efficiency. However, JIT can also be challenging to implement due to the need for precise forecasting and tight inventory control, and may require significant investments in technology and training, but can also provide opportunities for growth and expansion.
Correct Answer
D.
JIT can provide a company with significant cost savings, improved inventory turnover, and increased efficiency. However, JIT can also be challenging to implement due to the need for precise forecasting and tight inventory control, and may require significant investments in technology and training, but can also provide opportunities for growth and expansion, and can help a company to become more competitive in the global market.
Correct Answer
D
Correct Option:
JIT can provide a company with significant cost savings, improved inventory turnover, and increased efficiency. However, JIT can also be challenging to implement due to the need for precise forecasting and tight inventory control, and may require significant investments in technology and training, but can also provide opportunities for growth and expansion, and can help a company to become more competitive in the global market.
About This Question
This is
Post Utme Osustech
2025
Commerce
Question 9.
It is one of the
objective
questions from the
2025
Post Utme Osustech
Commerce
examination.