Which of the following is a requirement of just-in-time inventory management?

Question

Quizplus · Accepted Answer

Just-in-time inventory management requires detailed information about order-to-delivery times, receiving-to-sales times, and inventory quantities to ensure that inventory is received and used efficiently and effectively. A perpetual inventory system and an average cost inventory costing method may be useful in this process, but they are not necessarily requirements. Detailed information about profitability and the users of the company's financial statements is also important, but it is not specifically required for just-in-time inventory management.

Which of the Following Is a Requirement of Just-In-Time Inventory