Which of the Following Best Describes Just-In-Time Inventory Management

Multiple Choice

Which of the following best describes just-in-time inventory management?

A) Inventory is maintained as a buffer to meet uncertainties in demand,supply,and movements of goods.
B) Production inefficiencies arising when production capacity stands idle for lack of materials are minimized by holding a small stock of essentials at all times.
C) A firm acquires inventory precisely when needed so that its inventory balance is always at,or close to,zero.
D) A firm minimizes the time lags present in the supply chain by maintaining a certain amount of inventory to use in these lag times.
E) A firm acquires inventory only once customers have placed orders for their product.