Increasing materials turnover and reducing holding costs are key contributors to cost savings achieved by using a
A)just-in-time inventory strategy.
B)quantum innovation strategy.
C)flexible manufacturing strategy.
D)fixed-position layout.
E)self-managed team.

Question

Quizplus · Accepted Answer

A just-in-time inventory strategy focuses on reducing inventory levels and holding costs by receiving goods only as they are needed in the production process, thereby increasing materials turnover.

Increasing Materials Turnover and Reducing Holding Costs Are Key Contributors