What is the JIT solution?
A)It requires carrying materials inventory to lower the cost of inventory without production delays.
B)It requires selection of vendors based on lowest cost alone.
C)It negotiates long-term contracts with involved suppliers located closest to the production facility
D)It requires a solid forecast to push production.

Question

Quizplus · Accepted Answer

JIT (Just-In-Time) solution emphasizes minimizing inventory levels and reducing waste by receiving goods only as they are needed in the production process. This approach often involves negotiating long-term contracts with suppliers, preferably those located close to the production facility, to ensure timely delivery of materials, thus supporting the JIT objective of reducing inventory costs and enhancing efficiency.

What Is the JIT Solution