Mr. Chase has opened a custom furniture business and is concerned about the costs associated with storing raw materials, machinery, and finished products. Mr. Chase should consider using a method of production known as just-in-time (JIT)production to help control his inventory costs.

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Just-in-time (JIT) production is a method of production that aims to reduce inventory costs by producing goods only when they are needed, thereby minimizing the need for storing raw materials, machinery, and finished products. As Mr. Chase is concerned about inventory costs, he should consider implementing a JIT system in his custom furniture business.

Mr Chase Has Opened a Custom Furniture Business and Is