A(n)_____ refers to having only sufficient amount of products on the shelves to meet immediate purchases and usually requires frequent shipment from the supplier.
A) just-in-time inventory
B) macro inventory
C) micro inventory
D) in-process inventory

Question

Quizplus · Accepted Answer

Just-in-time inventory refers to a system of inventory control in which products are only ordered and received as they are needed for immediate use or sale. This minimizes the amount of inventory that must be stored, reduces inventory-related costs, and allows for more efficient use of warehouse space. Frequent shipment from the supplier is a characteristic of this approach as it ensures that the inventory levels remain low and do not exceed immediate requirements. The other options, macro inventory, micro inventory, and in-process inventory, do not accurately describe this inventory control system.

A(n)_____ Refers to Having Only Sufficient Amount of Products on the Shelves