Which of the following statements is correct? Just-in-Time inventory management:

Question

Quizplus · Accepted Answer

Just-in-Time inventory management aims to completely eliminate waste in production by minimizing inventory levels and only producing what is needed when it is needed. This can also result in lower holding costs as there is less inventory to store and manage. While it does not directly result in high levels of top quality finished goods, the focus on eliminating waste can increase efficiency and improve overall quality control.

Which of the Following Statements Is Correct? Just-In-Time Inventory Management