Companies implementing just-in-time production systems manage inventories by minimizing or eliminating them.

Name: Companies implementing just-in-time production systems manage inventories by minimizing or eliminating them.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Just-In-Time (JIT) is a production strategy where inventory is minimized or eliminated so that the required materials arrive exactly when they are needed for production, and finished goods are produced only in response to customer demand.

Companies Implementing Just-In-Time Production Systems Manage Inventories by Minimizing or Eliminating