Which of the following defines a just-in-time program?
A) An approach to inventory that seeks to eliminate excess waste and reduce inventory to a minimal level.
B) A computerized inventory control system that schedules the production of goods and takes into consideration the available and the required inventory.
C) A series of techniques designed to eliminate waste from manufacturing and service processes and provide greater customer value.
D) The active management of the distribution of materials throughout a system.
E) A service approach that hopes to build a long-term and sustainable relationship with customers that has value for both the customer and the company.

Question

Quizplus · Accepted Answer

A just-in-time program is an inventory approach that seeks to eliminate excess waste and reduce inventory to a minimal level. This is achieved by producing goods only when they are required and ensuring that they are delivered to the customer at the right time. This approach helps to increase efficiency and reduce costs in the production process.

Which of the Following Defines a Just-In-Time Program