Reference no: EM132720769
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