Question 1
Just-in-time inventory can be traced back to
◦ Microsoft.
◦ Henry Ford.
◦ Wal-Mart.
◦ Toyota Motor Company.
Question 2
In a traditional inventory system,
◦ the cost of carrying inventory is no more than with a JIT system.
◦ inventory is ordered just in time to be put into production.
◦ inventory is accumulated in large amounts.
◦ the marketing manager determines how much inventory should be in stock.