Which of the following are advantages of reducing inventory?
I. Engineering changes can be made sooner.
II. Quality can be improved.
III. Less space is needed in manufacturing.
IV. Lead time will be shorter.
A) all the above
B) only I, II and III
C) only I, II and IV
D) only II, III and IV
E) only III and IV

Question

Quizplus · Accepted Answer

Reducing inventory has several advantages, including the ability to implement engineering changes more quickly (I), improvements in quality as issues are detected and addressed sooner (II), the need for less space in manufacturing due to lower inventory levels (III), and shorter lead times as products move more quickly through the production process (IV).

Which of the Following Are Advantages of Reducing Inventory