The ________ is an inventory management technique that minimizes inventory investment by having materials inputs arrive at exactly the time they are needed for production.
A) ABC system
B) EOQ model
C) MRP system
D) JIT system

Question

Quizplus · Accepted Answer

The JIT (Just-in-Time) system is specifically designed to minimize inventory investment by having materials arrive at the exact time they are needed for production, which eliminates the need for excess inventory. The other options, including the ABC system (classifies inventory based on importance), EOQ model (calculates optimal order quantity), and MRP system (plans production based on materials requirement) are all inventory management techniques, but they do not focus solely on minimizing inventory investment through just-in-time delivery.

The ________ Is an Inventory Management Technique That Minimizes Inventory