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Explain operations management environments

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1. Successfully implementing JIT requires that it be done as quickly as possible.

True / False

2. 100. A key outcome of JIT is that organizational barriers are eliminated.

True / False

3. Firms that "chase" demand by hiring more workers have less need for anticipation inventory.

True / False

4. Even though loss of customer goodwill is an intangible cost, it is considered a type of shortage cost.

True / False

5. Inventory management is a key component of effective supply chain performance.

True / False

6. Risk costs are obsolescence, damage deterioration, theft, insurance and taxes.

True / False

7. The chase aggregate plan maintains a constant workforce and produces the same amount of product in each time period.

True / False

8. An advantage of producing at average demand levels is that it allows for a lower investment in capacity.

True / False

9. Sales and operations planning can be used by operations management environments.

True / False

10. The financial plan indicates the sources and uses of funds, expected cash flows, anticipated profits and projected budgets.

True / False

Reference no: EM132720769

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