At Fidelity Enterprises, raw materials, parts, and components are acquired from suppliers as they are needed in the manufacturing process so that Fidelity does not have to store large inventories.Which of the following does Fidelity most likely use?

Question

Quizplus · Accepted Answer

Fidelity is most likely using the just-in-time (JIT) approach, where materials are acquired as they are needed in the manufacturing process to minimize the amount of inventory held by the company.

At Fidelity Enterprises, Raw Materials, Parts, and Components Are Acquired