With the ________________ inventory control system,producers hold a bare minimum of parts and materials in storage.
A)ABC
B)first-in,first-out
C)just-in-time
D)maximin

Question

Quizplus · Accepted Answer

The just-in-time inventory control system allows producers to receive and use inventory only as needed, reducing the need for storage space and holding costs. This system emphasizes efficiency and waste reduction by relying on close coordination with suppliers and precise production scheduling. The other options, ABC, first-in, first-out, and maximin are all different methods of inventory control, but they do not necessarily prioritize lean production and waste reduction in the same way as just-in-time.

With the ________________ Inventory Control System,producers Hold a Bare Minimum