What is the Japanese inventory system that minimizes inventory costs and provides those inputs as they are needed for a particular production run?
A) perpetual inventory
B) raw materials coordination
C) just-in-time
D) controlled assembly

Question

Quizplus · Accepted Answer

The Japanese inventory system that minimizes inventory costs and provides those inputs as they are needed for a particular production run is known as the Just-In-Time (JIT) inventory system. This system relies on close coordination between suppliers and manufacturers to ensure that raw materials and components are delivered just in time for production to begin. By minimizing the amount of inventory held in stock, the JIT system reduces the costs associated with warehousing, handling, and obsolescence, allowing companies to operate more efficiently and profitably.

What Is the Japanese Inventory System That Minimizes Inventory Costs