Inventory Management Quiz

What is the main objective of just in time (JIT) inventory management?

• Maximize warehouse holding costs and other related with those expenses

• Reduce inventory holding costs and increase inventory turnover

• Increase overproduction and waste

• Decrease control over the manufacturing process

Who is frequently referred to as the father of JIT?

• Kiichiro Toyota

• James Womack

• Aisin

• Taiichi Ono

Which industry did Nike implement a just-in-time delivery system to improve their production facilities?

• Automotive industry

• Apparel industry

• Retail industry

• Technology industry

What is the benefit of just in time model in reducing inventory waste?

• Reduce unsalable inventories

• Increase overproduction

• Double holding costs

• Maximize waste accumulation

What is the drawback of just in time model when facing unreliable suppliers?

• Increase production process efficiency

• Decrease lead times

• Impact the whole production process

• Reduce inspection and rework costs

Which industry did retailer Zara implement just-in-time delivery to keep sales and productions aligned geographically?

• Technology industry

• Automotive industry

• Retail industry

• Fast food industry

What is the benefit of just in time model in giving the manufacturer more control?

• Maximize flexibility

• Respond to customers needs by quickly increasing production

• Reduce production for slow moving items and other objects decreasing sales

• Increase overproduction

What is the drawback of just in time model when facing unexpected demand surge?

• Reduce inspection and rework costs

• Impact the whole production process

• Increase production process efficiency

• Decrease lead times

Which industry did Dell reduce their costs and cut lead times by implementing just-in-time delivery?

• Technology industry

• Fast food industry

• Retail industry

• Automotive industry

What is the benefit of just in time model in local sourcing?

• Reduce transportation time and cost

• Increase holding costs

• Maximize waste accumulation

• Double warehouse holding costs