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Select all that applyOnline systems and advanced software can help a company achieve operating efficiency byMultiple select question.reducing parts inventories.cutting production times.building up parts inventories.increasing labor requirements.

Question

Select all that applyOnline systems and advanced software can help a company achieve operating efficiency byMultiple select question.reducing parts inventories.cutting production times.building up parts inventories.increasing labor requirements.

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Solution

The correct answers are:

  1. Reducing parts inventories.
  2. Cutting production times.

Online systems and advanced software can help a company achieve operating efficiency by reducing parts inventories and cutting production times. They streamline processes, automate tasks, and optimize resources, which can lead to these efficiencies.

Building up parts inventories and increasing labor requirements, on the other hand, can often lead to inefficiencies, such as increased costs and wasted resources. Therefore, these options are not correct.

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