With ________, inventory arrives just before it is needed.
A)VMI
B)ABC
C)ERP
D)JIT

Question

Quizplus · Accepted Answer

JIT (Just-in-Time) is a philosophy of inventory management that emphasizes producing and receiving inventory only when it is needed in the production process. This reduces the need for excess inventory storage and reduces lead times, allowing for a more efficient and streamlined production process. VMI (Vendor Managed Inventory) is a type of inventory management in which the supplier is responsible for monitoring and restocking inventory levels for the buyer, but it does not necessarily involve just-in-time delivery. ABC (Activity-Based Costing) and ERP (Enterprise Resource Planning) are not related to inventory delivery or management.

With ________, Inventory Arrives Just Before It Is Needed