With the ________ inventory control system, producers hold only the amount of materials and parts that they need for a short period of time, sometimes just a few hours.
A) ABC
B) first-in, first-out (FIFO)
C) just-in-time (JIT)
D) maximum

Question

Quizplus · Accepted Answer

The just-in-time (JIT) inventory control system is designed such that producers only keep the necessary inventory on hand for a short period of time, in order to minimize storage and holding costs. This system is best suited for companies that have a high degree of control over their supply chain and can ensure prompt deliveries of materials and parts as needed.

With the ________ Inventory Control System, Producers Hold Only the Amount