Which of the following statements is true regarding just-in-time inventory management?

Question

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Just-in-time inventory management requires detailed information about order-to-delivery times, receiving-to-sales times, and inventory quantities to ensure that inventory is only ordered and received as needed to minimize waste and reduce carrying costs. A perpetual inventory system and an average cost inventory costing method may be used, but they are not requirements for just-in-time inventory management. Detailed information about profitability and the users of the company's financial statements is important for overall financial management, but it is not specifically related to just-in-time inventory management.

Which of the Following Statements Is True Regarding Just-In-Time Inventory