Many companies have significantly lowered inventory levels and costs using just-in-time inventory methods.

Name: Many companies have significantly lowered inventory levels and costs using just-in-time inventory methods.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Just-in-time inventory methods aim to reduce inventory levels and associated costs by only ordering and receiving goods when they are needed in the production process. As a result, many companies have been able to lower their inventory levels and costs by adopting this method.

Many Companies Have Significantly Lowered Inventory Levels and Costs Using