The just-in-time inventory system focuses on minimising

Question

Quizplus · Accepted Answer

The just-in-time inventory system aims to reduce storage and holding costs by only ordering and receiving materials and products when they are needed for production or sale. This approach helps to avoid excess inventory and associated costs, such as warehousing, handling, and obsolescence. While JIT can also improve scheduling, materials planning, and customer satisfaction by reducing lead times and increasing flexibility, the primary focus is on inventory management. Therefore, the best choice is E.

The Just-In-Time Inventory System Focuses on Minimising