A manufacturer has decided to improve its inventory management by maintaining low inventory levels and waiting to purchase materials until right before they are needed in production. This inventory management technique is called:

Question

Quizplus · Accepted Answer

Just-in-time (JIT) is an inventory management technique where materials are purchased and received just in time for production, reducing inventory levels and minimizing holding costs.

A Manufacturer Has Decided to Improve Its Inventory Management by Maintaining