A manufacturer has decided to improve its inventory management by maintaining low inventory levels and waiting to purchase materials until right before they are needed in production. This inventory management technique is called

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Just-in-time (JIT) is a lean inventory management technique that emphasizes having the right materials in the right quantities at the right time. JIT involves keeping inventory levels low and ordering materials only when they are needed in production. This approach helps to minimize waste, reduce costs, and improve efficiency. Therefore, the manufacturer's decision to maintain low inventory levels and purchase materials right before they are needed is an example of implementing JIT inventory management.

A Manufacturer Has Decided to Improve Its Inventory Management by Maintaining