Vidyalelo
Management · Q261

Management Information System (MIS)

Graduate and Post Graduate · Management · question 261

Q261

A supply strategy in which components arrive exactly at the moment they are needed is called _________________.

A.
Bullwhip effect
B.
Demand planning
C.
Just-in-time
Answer
D.
Pull-based model

Answer: Option C

Solution

Answer: Option C
Solution:
A supply strategy in which components arrive exactly at the moment they are needed is called Just-in-time. Just-In-Time services involve the process of producing and delivering finished goods at the time they are required for sale, partly finished goods at the time needed for assembly into finished goods, parts and components required for partly finished goods, or materials that are needed to be made into those parts.