With the ________inventory control system,producers hold a bare minimum of parts and materials in storage.
A)first-in,first-out
B)just-in-time
C)ABC
D)maximin

Question

Quizplus · Accepted Answer

The just-in-time inventory control system is designed to minimize inventory holding costs by synchronizing production schedules with material deliveries. It enables producers to receive inventory as they need it rather than having to store it for extended periods. This system reduces the risk of overstocking and allows producers to adjust their inventory levels according to changing market conditions.

With the ________Inventory Control System,producers Hold a Bare Minimum of Parts