00:01
Here we are asked to find out whether the statement is true or false.
00:05
So when you talk about the first statement, so first statement says that one purpose of a jit inventory system is to have goods ready just when the customer needs them.
00:21
So jit systems aim to minimize the inventory and produce goods exactly when they are needed, reducing storage costs and waste.
00:33
So this statement is going to be true.
00:35
For second problem, if you talk about second one, so under jit materials are pushed from workstation to another to ensure timely completion of finished products.
00:49
So this is going to be false statement.
00:52
Why is it so? because in jit materials are pulled through, this is not pushed from, it is pulled through the system as needed, not pushed.
01:04
So production is driven by demand, not by predetermined schedule.
01:11
So this is false statement.
01:13
Now if you look forward for the third statement, it says a company will typically have fewer suppliers under jit than a conventional system.
01:24
So this is going to be true statement.
01:28
So jit systems often rely on fewer and more reliable suppliers to reduce variability and uncertainty in the supply chain.
01:41
Now for the fourth question, for jit to operate successfully, all similar pieces of equipment such as lathe or drill presses that are the machines used in mechanical purpose must be grouped together.
02:08
So this is going to be false statement.
02:10
Why is it so? because jit often involves flexible manufacturing systems where equipment layout is designed to optimize the flow of materials and minimize waste, not necessarily grouping similar machines.
02:27
Now if we talk about fifth statement, one way to reduce inventories is to reduce the setup time needed between production runs.
02:38
So this is going to be true.
02:42
So reducing setup time increases the flexibility and efficiency for sure, allowing for smaller batches and lower inventory levels.
02:51
Now if you talk about sixth one, the most effective way to achieve total quality control is to have an inspection department that inspects all incoming raw materials and inspects goods as they move along the product flow line.
03:08
So this is going to be the false statement.
03:12
Why is it so? because jit emphasizes quality at the source, meaning that each worker is responsible for the quality of their work, reducing the need for the separate inspection department...