What is the system called that uses technology to manage the purchase and receipt of merchandise in a manner that minimizes inventory on hand?
A) Enterprise resource planning systems (ERP).
B) Just-in-time inventory (JIT).
C) Inventory control modules (ICM).
D) Electronic data interchange (EDI).

Question

Quizplus · Accepted Answer

Just-in-time inventory (JIT) is a system that uses technology to manage the purchase and receipt of merchandise in a manner that minimizes inventory on hand. It involves ordering and receiving inventory only when it is needed in the production process, rather than maintaining a large stock of inventory on hand. This helps to reduce costs associated with storing and managing inventory, as well as minimize the risk of outdated or obsolete inventory. A, C, and D are not specific to this type of inventory management system.

What Is the System Called That Uses Technology to Manage