A scheduling system for minimizing inventory by having components arrive exactly at the moment they are needed and finished goods shipped as soon as they leave the assembly line best describes a ________ strategy.
A) just-in-time
B) frictionless
C) bullwhip
D) safety-stock

Question

Quizplus · Accepted Answer

The described system most closely aligns with the just-in-time (JIT) strategy, which aims to minimize inventory by having components delivered just in time for production and finished goods shipped as soon as possible. A frictionless strategy might involve reducing barriers to purchase for customers, while the bullwhip effect refers to the amplified demand variability that can occur along a supply chain. Safety stock is a buffer of extra inventory held to mitigate the risk of stockouts.

A Scheduling System for Minimizing Inventory by Having Components Arrive