Which of the following inventory management systems fine-tunes the receipt of raw materials so that they arrive exactly when they are required in the production process?
A) The ABC Approach
B) Just-in-time (JIT) inventory system
C) Material Requirement Planning (MRP)
D) Economic Order Quantity (EOQ) Model

Question

Quizplus · Accepted Answer

The Just-in-time (JIT) inventory system is designed to ensure that raw materials and components are delivered to the production process exactly at the time they are needed, minimizing inventory costs and reducing waste.

Which of the Following Inventory Management Systems Fine-Tunes the Receipt