The just-in-time (JIT) concept:
A) is a method used to determine the locations of distribution centers.
B) refers to a method of dealing with two-story warehouses.
C) is a way of managing inventory control, purchasing, and production scheduling.
D) is the method most commonly used to calculate freight rates.
E) refers to the use of roller skates and motor bikes by order fillers.

Question

Quizplus · Accepted Answer

The just-in-time (JIT) concept is a strategy aimed at improving a business's return on investment by reducing in-process inventory and associated carrying costs. JIT focuses on inventory control, purchasing, and production scheduling to ensure that materials and products are produced and delivered only as needed, minimizing waste and inefficiencies.

The Just-In-Time (JIT) Concept