Which term listed below describes a system where companies purchase raw materials when needed in production and complete finished goods when needed by customers?
A) Traditional production system
B) Supply chain management
C) Just-in-time inventory
D) TQM

Question

Quizplus · Accepted Answer

Just-in-time inventory is a system where materials and goods are delivered just in time for production or delivery to customers, minimizing the need for excess inventory and storage costs.

Which Term Listed Below Describes a System Where Companies Purchase