Which of the following is a method of inventory cost management that seeks to eliminate excess inventory?
A) lean production
B) sustainable production
C) just-in-time production
D) supply chain simplification

Question

Quizplus · Accepted Answer

Just-in-time production is a method of inventory cost management that seeks to eliminate excess inventory by producing goods only when they are needed in the production process. This helps to reduce inventory carrying costs and minimize waste. Lean production and supply chain simplification may also contribute to reducing excess inventory, but they are not as focused on inventory control as just-in-time production. Sustainable production is focused on minimizing the negative impact on the environment, and it may not necessarily be directly related to inventory cost management.

Which of the Following Is a Method of Inventory Cost