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CIPS L4M7 Exam - Topic 11 Question 52 Discussion

Actual exam question for CIPS's L4M7 exam
Question #: 52
Topic #: 11
[All L4M7 Questions]

Which of the following are objectives of Just-in-Time (JIT) in the control of inventory? Select TWO that apply.

To reduce the possible effect of stockout situations by increasing the level of buffer stocks

To have sufficient safety stock to cover shortages due to the extension of lead time

To ensure that products are free from defects and meet the quality expectations of the customer

To reduce work-in-progress, finished goods, and sub-assembly inventories to zero

To ensure that the cost of holding inventory is directly proportional to the value of the inventory

A. 1 and 2 only B. 2 and 3 only C. 3 and 4 only D. 4 and 5 only

Show Suggested Answer Hide Answer
Suggested Answer:

Just-in-Time (JIT) aims to:

Improve quality by ensuring defect-free products that meet customer expectations.

Reduce inventory levels: The JIT approach minimizes holding costs by producing and delivering goods as needed.

Whole-life asset management values JIT for optimizing inventory control, reducing waste, and enhancing quality while keeping storage costs minimal.


by Ming at Jan 11, 2025, 11:05 PM

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Jamie
3 months ago
JIT is about minimizing waste, so 4 is spot on!
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Maxima
3 months ago
I think 1 and 2 are more about safety, not JIT's focus.
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Pamella
3 months ago
Wait, are we really saying to reduce inventories to zero? Sounds risky!
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Gladis
4 months ago
Definitely agree with 3 too, quality is key!
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Stephaine
4 months ago
JIT is all about reducing excess inventory, so 4 makes sense!
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Lawanda
4 months ago
I thought JIT was about having just enough inventory, so maybe options 1 and 2 are misleading?
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Anjelica
4 months ago
I practiced a similar question, and I think JIT aims to reduce work-in-progress, so option 4 seems right.
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Jimmie
4 months ago
I'm not entirely sure, but I feel like option 3 is definitely about quality, which is important in JIT.
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Chuck
5 months ago
I remember JIT focuses on minimizing inventory, so I think options 4 and 5 might be correct.
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Adell
5 months ago
Hmm, I'm a bit torn. I know JIT is about reducing inventory, but I'm not sure if reducing it to zero is the right approach. Maybe the answer is 1 and 4, to reduce inventory while still having some buffer stock?
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Nikita
5 months ago
I'm feeling pretty confident about this one. JIT is all about minimizing waste, so the correct answers are definitely 4 and 5. Reducing work-in-progress and aligning inventory costs are key JIT objectives.
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Isabelle
5 months ago
Okay, let me think this through. JIT is about efficiency and quality, so I'm guessing 3 and 5 are the right answers. Reducing defects and aligning inventory costs with value seem like core JIT principles.
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Leoma
5 months ago
Hmm, I'm a bit confused. I thought JIT was about having just enough inventory, not reducing it to zero. Maybe the answer is 1 and 2 to cover any shortages?
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Rolland
5 months ago
I think the key here is to focus on the objectives of JIT, which are about reducing inventory and waste. I'm pretty sure the right answers are 3 and 4.
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Long
1 year ago
I'm torn between the safety stock and the cost of holding inventory. Tough balance to strike, but that's the real challenge of JIT, isn't it?
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Corinne
1 year ago
I agree, finding the right balance is key in JIT
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Burma
1 year ago
A. 1 and 2 only
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Yolande
1 year ago
Quality and reducing work-in-progress seem like the real priorities here. Get it right the first time, and keep things moving smoothly.
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Alaine
1 year ago
So, the answer would be D. 4 and 5 only.
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Leontine
1 year ago
I think the objectives are to reduce work-in-progress and ensure products meet quality expectations.
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Malcolm
1 year ago
I believe the correct answer is D, which includes reducing inventories to zero and ensuring inventory holding costs are proportional to value.
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Devora
1 year ago
I agree with you, Major. Having zero inventories can help in reducing waste and improving efficiency.
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Daron
1 year ago
Hmm, reducing inventory to zero? That's a bold move, but I'm not sure it's realistic. Gotta have some backup, you know?
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Cory
1 year ago
Irma: Yeah, that makes sense. It's all about finding the right balance.
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Herschel
1 year ago
User 3: I think the objectives are more about efficiency than complete elimination of inventory.
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Irma
1 year ago
User 2: Definitely, you need some buffer stocks just in case.
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Freeman
1 year ago
User 1: I agree, having zero inventory seems risky.
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Major
1 year ago
I think the objectives of JIT are to reduce work-in-progress and finished goods inventories to zero.
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