A company using a just-in-time production strategy cuts costs and time by building up a large inventory of materials.

Name: A company using a just-in-time production strategy cuts costs and time by building up a large inventory of materials.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A just-in-time production strategy minimizes inventory and reduces costs by receiving goods only as they are needed in the production process, rather than maintaining large stockpiles of materials.

A Company Using a Just-In-Time Production Strategy Cuts Costs and Time