The just-in-time inventory control requires firms to maintain little to no inventory; however, it requires total quality management in all areas of operations.

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The statement is true. Just-in-time inventory control is a system that aims to minimize inventory levels and keep only what is needed, when it is needed, in the right quantities. This requires high levels of coordination and collaboration between different areas of operations, as well as a focus on continuous improvement and quality control, to ensure that the right products or components are available when needed and meet the required quality standards.

The Just-In-Time Inventory Control Requires Firms to Maintain Little to No