To reduce inventory management costs,many companies use a system called ________,which involves carrying only small inventories of parts or merchandise,often only enough for a few days of operation.
A) reduction-inventory management
B) just-in-time logistics
C) limited inventory logistics
D) supply chain management
E) economic order quantity

Question

Quizplus · Accepted Answer

The system described is known as just-in-time (JIT) logistics, which focuses on reducing inventory costs by only carrying the minimum amount of inventory necessary for daily operations. Options A, C, D, and E are either not specific to this system or are not accurate descriptions of JIT logistics.

To Reduce Inventory Management Costs,many Companies Use a System Called