One of the traditional reasons for holding inventory is to minimize total carrying costs and setup costs.What is the JIT solution meant to do?
A)reduce setup costs
B)reduce lead time
C)use total preventive maintenance
D)use total quality control

Question

Quizplus · Accepted Answer

JIT (Just-In-Time) aims to reduce setup costs by minimizing inventory levels and producing goods only as needed, thereby reducing the need for large inventories and frequent setups.

One of the Traditional Reasons for Holding Inventory Is to Minimize