JIT responds to the problems traditionally solved by carrying inventories by
A) ensuring that sufficient inventory is on hand to prevent stockouts.
B) purchasing extra materials when price discounts are offered.
C) negotiating long-term contracts with supplier to lock in low prices.
D) selecting an inventory level that minimizes the total of ordering and carrying costs.
E) choosing a wide number of suppliers to increase the chance of receiving quantity discounts.

Question

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The Answer of JIT responds to the problems traditionally solved by carrying inventories by
A) ensuring that sufficient inventory is on hand to prevent stockouts.
B) purchasing extra materials when price discounts are offered.
C) negotiating long-term contracts with supplier to lock in low prices.
D) selecting an inventory level that minimizes the total of ordering and carrying costs.
E) choosing a wide number of suppliers to increase the chance of receiving quantity discounts.

JIT Responds to the Problems Traditionally Solved by Carrying Inventories