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CIPS Exam L4M7 Topic 11 Question 52 Discussion
Topic #: 11
Which of the following are objectives of Just-in-Time (JIT) in the control of inventory? Select TWO that apply.
To reduce the possible effect of stockout situations by increasing the level of buffer stocks
To have sufficient safety stock to cover shortages due to the extension of lead time
To ensure that products are free from defects and meet the quality expectations of the customer
To reduce work-in-progress, finished goods, and sub-assembly inventories to zero
To ensure that the cost of holding inventory is directly proportional to the value of the inventory
A. 1 and 2 only B. 2 and 3 only C. 3 and 4 only D. 4 and 5 only
Just-in-Time (JIT) aims to:
Improve quality by ensuring defect-free products that meet customer expectations.
Reduce inventory levels: The JIT approach minimizes holding costs by producing and delivering goods as needed.
Whole-life asset management values JIT for optimizing inventory control, reducing waste, and enhancing quality while keeping storage costs minimal.
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