To reduce inventory management costs, many companies use a system called ________, which involves having goods delivered exactly when they are needed.
A) reduction-inventory management
B) just-in-time inventory management
C) limited inventory logistics
D) supply chain management
E) economic order quantity

Question

Quizplus · Accepted Answer

Just-in-time inventory management is a system that aims to minimize inventory costs by having goods delivered precisely when they need to be used in the production process. This approach can reduce the need for holding large amounts of inventory, which in turn reduces inventory management costs. The other options listed are not specific to this approach and do not necessarily address the issue of inventory management costs.

To Reduce Inventory Management Costs, Many Companies Use a System