Which one of the following is a system for managing demand-dependent inventories that minimises the amount of inventory on hand?
A)kanban
B)keiretsu
C)just-in-time inventory system
D)material requirement planning
E)inventory flow log

Question

Quizplus · Accepted Answer

Just-in-time inventory system is a demand-dependent inventory management system that aims to minimize inventory on hand by arranging for materials and supplies to arrive exactly when they are needed in the production process. This system is geared towards reducing waste and improving efficiency by ensuring that materials are available precisely when they are required. Kanban is a tool that is commonly used in conjunction with the Just-in-time system to signal when materials need to be replenished. Keiretsu refers to the relationships between Japanese manufacturers and their affiliated suppliers, which can include integrated production systems and long-term partnerships. Material requirement planning (MRP) is a system for planning and managing the inventory of materials required for production, while an inventory flow log is a record of transactions related to inventory movement.

Which One of the Following Is a System for Managing