Which of the following is characteristic of the JIT/lean philosophy?
I. Inventories are an asset
II. Workers are an asset
III. Vendors are co-workers, essentially other departments of our organization I
V. Technologies and automation are more important than people
a. I and II only
b. II and III only
c. I, II, III only
d. I, II, III, IV
Expert Answer
The correct answer is option b.
JIT manufacturing is an important technique which helps in improving efficiency and cost saving. JIT focus on reducing the flow time in production and response time from customers and suppliers. Lean is nothing but the process of eliminating waste from
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