Which of the following statements describes just-in-time (JIT) inventory management?
A) JIT is an effective approach for shifting inventory costs to vendors.
B) JIT is a comprehensive management philosophy that stresses attitudes that lead to minimum level inventories.
C) JIT is a customer service driven strategy that seeks to strategically produce some excess inventory to guarantee inventories are always available to customers in a timely manner.
D) JIT is only used when a company's vendors ship goods when they are ordered.

Question

Quizplus · Accepted Answer

JIT is a comprehensive inventory management inventory philosophy that stresses policies, procedures, and attitudes that result in the efficient production of high quality goods while maintaining the minimum level of inventories.

Which of the Following Statements Describes Just-In-Time (JIT) Inventory Management