The arrangements Minimotors has worked out with its suppliers to reduce the amount of inventory the company holds at any one time show that it is committed to a(n)
A) priority inventory scheduling system.
B) first in, first out inventory processing system.
C) just-in-time inventory control system.
D) ABC inventory system.

Question

Quizplus · Accepted Answer

In a just-in-time inventory control system, suppliers deliver just enough supplies just in time for their use in a production process. While this requires frequent deliveries, it also allows the producer to greatly reduce the amount of parts and materials held in inventory.

The Arrangements Minimotors Has Worked Out with Its Suppliers to Reduce