Just-in-time inventory systems are characterized by extremely large inventories of materials,work in process,and finished goods.

Question

Quizplus · Accepted Answer

Just-in-time inventory systems are actually characterized by small inventories of materials, work in process, and finished goods. The goal of a JIT system is to reduce inventory costs and increase efficiency by only producing and receiving goods as they are needed in the production process.

Just-In-Time Inventory Systems Are Characterized by Extremely Large Inventories of Materials,work