Multiple Choice
Which of the following is true of just-in-time (JIT) inventory management?
A) It results in more storage and insurance cost.
B) It is a system in which the company produces product only after receiving an order.
C) It promotes surplus inventory to prevent production shut-down in case of supply interruptions.
D) It requires a surplus inventory of finished goods to ensure timely, or just-in-time, delivery to customers.
Correct Answer:
Verified
Correct Answer:
Verified
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