A(n)________ inventory policy seeks to have raw materials and work-in-process delivered to the manufacturing site just as they are needed.
A)MPS
B)JIT
C)BOM
D)kaizen

Question

Quizplus · Accepted Answer

JIT (Just-in-Time) inventory policy focuses on having materials delivered exactly when they are needed for production, eliminating unnecessary inventory holding costs and reducing waste. MPS (Master Production Schedule) is a plan for meeting customer demands by determining the necessary production quantities and timing, while BOM (Bill of Materials) is a list of all the necessary components and quantities needed to produce a product. Kaizen, on the other hand, is a continuous improvement methodology that focuses on identifying and eliminating waste in all aspects of a company's operations.

A(n)________ Inventory Policy Seeks to Have Raw Materials and Work-In-Process