How have many companies significantly lowered inventory levels and costs?
A) They use activity-based costing.
B) They utilize a balanced scorecard system.
C) They have a just-in-time method.
D) They focus on total quality management.

Question

Quizplus · Accepted Answer

Utilizing a just-in-time method allows companies to receive and produce goods only when they are needed, minimizing the amount of inventory held on hand and reducing associated costs. Activity-based costing, balanced scorecard systems, and total quality management do not necessarily lead to significant reductions in inventory levels and costs.

How Have Many Companies Significantly Lowered Inventory Levels and Costs