Just-In-Time (JIT) reduces total inventory holding cost, and hence it is appropriate for all production processes.

Name: Just-In-Time (JIT) reduces total inventory holding cost, and hence it is appropriate for all production processes.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

JIT aims to reduce inventory costs by producing goods only as they are needed, but it may not be suitable for all production processes, especially those with unpredictable demand or long lead times, as it can lead to stockouts and production delays.

Just-In-Time (JIT) Reduces Total Inventory Holding Cost, and Hence It