How does just-in-time (JIT) contribute to efficient inventory management? Question 2Answer a. By maximizing inventory levels b. By ignoring lead times and waste reduction c. By minimizing production costs through timely inventory control d. By focusing solely on reducing fixed costs
The correct answer is:
c. By minimizing production costs through timely inventory control
Just-in-time (JIT) inventory management aims to reduce waste and improve efficiency by receiving goods only as they are needed in the production process, which helps minimize inventory costs and enhances overall operational efficiency.