_______________ is a system for managing demand-dependent inventories that minimizes the inventory holdings of the firm at any given time.

Question

Quizplus · Accepted Answer

Just-in-time (JIT) inventory is a management strategy that aligns raw-material orders from suppliers directly with production schedules. Companies use this inventory strategy to increase efficiency and decrease waste by receiving goods only as they need them for the production process, which reduces inventory costs. This system requires producers to forecast demand accurately.

_______________ Is a System for Managing Demand-Dependent Inventories That Minimizes