If a firm's primary concern is lower inventory cost,the firm can develop ________ delivery system.

Question

Quizplus · Accepted Answer

JIT stands for just-in-time, a method of inventory management that aims to minimize inventory costs by producing and delivering goods only when they are needed. With a JIT delivery system, a firm can reduce the amount of inventory it holds on hand, thereby lowering inventory costs associated with storage, handling, and obsolescence. By adopting a JIT approach, a firm can also reduce lead times, enhance quality control, and improve overall efficiency in its supply chain. Therefore, JIT is the best choice for a firm whose primary concern is lower inventory cost.

If a Firm's Primary Concern Is Lower Inventory Cost,the Firm