Just-in-time system of inventory is defined as
A) Inventory systems in which orders for parts and materials are placed in advance
B) A system in which assembly workers transport parts and materials from storage
C) Transportation network in which all modes of shipment of goods are coordinated
D) Is a balanced system in which no inventory is maintained but materials and parts are brought in as required

Question

Quizplus · Accepted Answer

Just-in-time (JIT) inventory systems aim to minimize inventory costs by bringing in materials and parts only as they are required in the production process, thus avoiding the need for maintaining large inventories.

Just-In-Time System of Inventory Is Defined as