Discuss CIPS L4M7 Exam Topic 11 Question 52

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

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.

Get Premium L4M7 Questions as Interactive Web-Based Practice Test or PDF Real Exam Format Detailed Explanations Instant Access Get Your Practice Test

28 comments · newest first

Jamie 11 months ago

JIT is about minimizing waste, so 4 is spot on!

Maxima 11 months ago

I think 1 and 2 are more about safety, not JIT's focus.

Pamella 12 months ago

Wait, are we really saying to reduce inventories to zero? Sounds risky!

Gladis 12 months ago

Definitely agree with 3 too, quality is key!

Stephaine 1 year ago

JIT is all about reducing excess inventory, so 4 makes sense!

Lawanda 1 year ago

I thought JIT was about having just enough inventory, so maybe options 1 and 2 are misleading?

Anjelica 1 year ago

I practiced a similar question, and I think JIT aims to reduce work-in-progress, so option 4 seems right.

Jimmie 1 year ago

I'm not entirely sure, but I feel like option 3 is definitely about quality, which is important in JIT.

Chuck 1 year ago

I remember JIT focuses on minimizing inventory, so I think options 4 and 5 might be correct.

Adell 1 year 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?

Nikita 1 year 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.

Isabelle 1 year 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.

Leoma 1 year 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?

Rolland 1 year 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.

Long 2 years 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?

Corinne 2 years ago

↳ replying to Long

I agree, finding the right balance is key in JIT

Burma 2 years ago

↳ replying to Long

A. 1 and 2 only

Yolande 2 years ago

Quality and reducing work-in-progress seem like the real priorities here. Get it right the first time, and keep things moving smoothly.

Alaine 2 years ago

↳ replying to Yolande

So, the answer would be D. 4 and 5 only.

Leontine 2 years ago

↳ replying to Yolande

I think the objectives are to reduce work-in-progress and ensure products meet quality expectations.

Malcolm 2 years ago

I believe the correct answer is D, which includes reducing inventories to zero and ensuring inventory holding costs are proportional to value.

Devora 2 years ago

I agree with you, Major. Having zero inventories can help in reducing waste and improving efficiency.

Daron 2 years 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?

Cory 2 years ago

↳ replying to Daron

Irma: Yeah, that makes sense. It's all about finding the right balance.

Herschel 2 years ago

↳ replying to Daron

User 3: I think the objectives are more about efficiency than complete elimination of inventory.

Irma 2 years ago

↳ replying to Daron

User 2: Definitely, you need some buffer stocks just in case.

Freeman 2 years ago

↳ replying to Daron

User 1: I agree, having zero inventory seems risky.

Major 2 years ago

I think the objectives of JIT are to reduce work-in-progress and finished goods inventories to zero.

CIPS L4M7 Exam - Topic 11 Question 52 Discussion