A production strategy that attempts to improve a firm's return on investment by reducing in-process inventory and associated carrying costs as much as possible is which of the following?
A) Production management
B) Operations management
C) Almost late
D) Just in time

Question

Quizplus · Accepted Answer

Just in Time (JIT) is a production strategy aimed at reducing in-process inventory and its associated carrying costs by producing goods only as they are needed in the production process, thereby improving a firm's return on investment.

A Production Strategy That Attempts to Improve a Firm's Return