4. For JIT to operate successfully, all similar pieces of equipment (such as lathers or drill presses) must be grouped together. 5. One way to reduce inventories is to reduce the setup time needed between production runs.
4. For JIT to operate successfully, all similar pieces of equipment (such as lathers or drill presses) must be grouped together. 5. One way to reduce inventories is to reduce the setup time needed between production runs.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please answer Numbers 4 and 5. True or False? If False, write the correct statement.
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