In a manufacturing company,the "just-in-time" concept of inventory management is best illustrated by:
A)Receiving deliveries of materials from suppliers just before the materials are used in the production process.
B)Completing the manufacturing process just before the deadline established by the customer.
C)An automated factory that reduces production time below that of other companies in the industry.
D)Selling finished products before they go out of style.

Question

Quizplus · Accepted Answer

The "just-in-time" concept of inventory management involves receiving deliveries of materials from suppliers just before the materials are used in the production process. This reduces inventory costs and helps to optimize the production process.

In a Manufacturing Company,the "Just-In-Time" Concept of Inventory Management Is