The philosophy of the__________is that the firm would have only work-in-process inventory.
A) materials requirement planning system
B) just-in-time system
C) basic economic order quantity system
D) red-line method

Question

The philosophy of the__________is that the firm would have only work-in-process inventory. 
A) materials requirement planning system
B) just-in-time system
C) basic economic order quantity system
D) red-line method

Quizplus · Accepted Answer

The philosophy of the just-in-time system is based on producing and delivering products only when they are needed, reducing inventory levels, and focusing on continuous improvement of processes. This approach helps to eliminate waste and increase efficiency in the production process.

The Philosophy of The__________is That the Firm Would Have Only