All of the following are key elements of a just-in-time philosophy, except Select one: A. lack of a need for accurate product cost information. B. increased coordination throughout the value chain. C. reduced inventory. D. reduced production times.

Question

Business

Julianna Ayala

27 July, 10:08

All of the following are key elements of a just-in-time philosophy, except Select one: A. lack of a need for accurate product cost information. B. increased coordination throughout the value chain. C. reduced inventory. D. reduced production times.

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Answers (2)

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Meghan Mcdaniel · Answer 1

Answer: lack of a need for accurate product cost information.

Explanation:

The key elements of the Just-In-Time (JIT) philosophy are reduced inventory, increased coordination through the value chain, increased quality of the product, reduced production times and increased involvement of employee and empowerment. The removal of accurate cost information for a product is not among the key elements of the just-in-time philosophy.

As the name suggests, the just-in-time philosophy means that the achievement and accomplishment of a organizational strategy hugely depends on an accurate coordination between organizations and their suppliers in order to ensure prompt delivery as organizations can greatly suffer when there is a delay of an element of production.

Ann Simpson · Answer 2

A) lack of a need for accurate product cost information