Just-in-time production is a strategy designed to cut company costs by reducing the need for warehouses to store inventory.

Question

Quizplus · Accepted Answer

Just-in-time production relies on the principle of producing goods only when needed, thereby reducing the need for storing inventory in warehouses. This approach helps to minimize expenses related to inventory holding and management, making it a cost-effective strategy for businesses to adopt.

Just-In-Time Production Is a Strategy Designed to Cut Company Costs