Just-in-time inventory management (JIT) is an inventory strategy that focuses on
A)performance measures.
B)reducing waste and inefficiency.
C)getting the right product to the right location at the right price.
D)getting the product produced at any cost.

Question

Quizplus · Accepted Answer

Just-in-time inventory management focuses on reducing waste and inefficiency by ordering inventory only when it is needed and in the exact quantities required. This helps to minimize excess inventory, reduce storage costs, and improve overall efficiency in the supply chain. Performance measures and getting the product produced at any cost are not the primary focus of JIT, and while getting the right product to the right location at the right price is important, it is not the sole focus of the strategy.

Just-In-Time Inventory Management (JIT) Is an Inventory Strategy That Focuses