Reducing inventory to the lowest possible levels is a major focus of
A)JIT.
B)push inventory systems.
C)EOQ.
D)ABC.

Question

Quizplus · Accepted Answer

JIT is a manufacturing philosophy that focuses on producing goods only when they are needed and in the exact quantity required. This approach helps minimize inventory holding costs and the risk of overstocking. By reducing inventory to the lowest possible levels, JIT helps businesses stay lean and responsive to changing customer demands. Push inventory systems, on the other hand, rely on forecasting and speculative stocking, which can result in excess inventory and higher carrying costs. EOQ (Economic Order Quantity) and ABC (Activity-Based Costing) are inventory management methods that may help optimize inventory levels but are not primarily focused on reducing inventory to the lowest possible levels.

Reducing Inventory to the Lowest Possible Levels Is a Major