Cost savings from JIT inventory management include(s)
A) reduced overhead expenses.
B) lower inventory financing costs.
C) greater productivity.
D) all of these.

Question

Quizplus · Accepted Answer

JIT inventory management allows for reduced overhead expenses due to the elimination of excess stock and unnecessary handling costs. It also helps to lower inventory financing costs by reducing the need for storage space and inventory insurance. Additionally, greater productivity is achieved through the efficient use of resources and reduced lead times. Therefore, all of these options are cost savings benefits of JIT inventory management.

Cost Savings from JIT Inventory Management Include(s)