Which of the following describes just-in-time inventory methods?
A)JIT inventory is a method of managing purchasing only.
B)JIT inventory is a method of managing production only
C)JIT inventory is a method of sales only.
D)JIT inventory is a method of managing purchasing,production,and sales.

Question

Quizplus · Accepted Answer

Just-in-time (JIT) inventory is a method of managing purchasing, production, and sales. It involves producing and delivering products just in time to meet the customer's demand, thus minimizing waste and reducing holding costs. JIT inventory management requires careful coordination between suppliers, producers, and customers to ensure an uninterrupted flow of goods and services.

Which of the Following Describes Just-In-Time Inventory Methods