Final answer:
The statement is false; Just-in-Time (JIT) systems aim to produce smaller lot sizes more frequently in alignment with demand to reduce waste and improve efficiency, not to produce each product less frequently.
Step-by-step explanation:
The statement that a benefit of small lot sizes in JIT systems is that each product is produced less frequently is False.
In Just-in-Time (JIT) systems, the focus is on reducing waste and improving efficiency by producing goods in response to demand rather than in anticipation of it. The goal is to produce smaller lot sizes more frequently to ensure that production aligns closely with demand, thereby reducing inventory costs and the risk of overproduction.
One of the main benefits of JIT is that lower inventory levels decrease the associated holding costs and potential waste from unsold products. Smaller lot sizes also mean less space is needed for storage, and defects in production can be identified and remedied more quickly, leading to improvements in quality control. However, it is important to note that while smaller lot sizes are beneficial for certain aspects of production and inventory management, they do not imply less frequent production of each product.