Just-in-time is
A)a method of managing production by which the firm attempts to produce each item only as needed for the next step in the production process.
B)a method of managing purchasing by which the firm attempts to time purchases so that items arrive just in time for sale.
C)a practice that can reduce inventory levels to virtually zero.
D)All of the answers are correct.

Question

Quizplus · Accepted Answer

Just-in-time (JIT) is a method of managing production by which the firm attempts to produce each item only as needed for the next step in the production process. JIT is also a method of managing purchasing by which the firm attempts to time purchases so that items arrive just in time for sale. The implementation of JIT can reduce inventory levels to virtually zero, resulting in a more efficient and cost-effective operation. Therefore, all the answer choices are correct.

Just-In-Time Is