XYZ Corp. is focusing on the objective of low-cost, high quality, on-time production by minimizing idle productive facilities and workers. The XYZ Corp. is taking advantage of a __________ system.
A)Last In, First Out (LIFO)
B)Highly mechanized
C)First In, First Out (FIFO)
D)Just-In-Time (JIT)

Question

Quizplus · Accepted Answer

Just-in-time (JIT) inventory systems were designed to achieve efficient inbound logistics, which is one of the five primary activities in value-chain analysis. With JIT inventory systems, parts deliveries arrive at the assembly plants only hours before they are needed, which reduces idle production capacity.

XYZ Corp Is Focusing on the Objective of Low-Cost, High Quality