What report is essential to organizations using the "just in time" inventory approach?
A) Excess inventory report.
B) Returns and allowances report.
C) Inventory and PO aging report.
D) Order recommendation report.

Question

Quizplus · Accepted Answer

Inventory and PO (Purchase Order) aging report is essential for organizations using the "just in time" inventory approach because it helps them track the age of inventory items and the status of purchase orders, ensuring that inventory levels are kept minimal and that items are ordered and received just in time to meet demand, avoiding excess stock and shortages.

What Report Is Essential to Organizations Using the "Just in Time