To reduce the cost of holding too much inventory, many companies have implemented
A) ABC inventory management.
B) first-in, last-out inventory control.
C) just-in-time inventory control.
D) maximum inventory management.

Question

Quizplus · Accepted Answer

Just-in-time inventory control allows companies to receive inventory only when it is needed for production or sales, thereby reducing the amount of inventory that needs to be stored and lowering storage costs. This approach also reduces the likelihood of excess inventory becoming obsolete or unusable. ABC inventory management, first-in, last-out inventory control, and maximum inventory management may help manage inventory levels but do not directly address the issue of holding too much inventory.

To Reduce the Cost of Holding Too Much Inventory, Many