JIT purchasing facilitates reduction in _____________ and the associated _____________ costs.
A) the cost of materials / storage
B) the cost of shipping / holding
C) the cost of inventory / storage
D) inventory levels / materials'
E) inventory levels / inventory holding

Question

Quizplus · Accepted Answer

JIT (Just-In-Time) purchasing aims to minimize inventory levels and the costs associated with holding inventory, such as storage, insurance, and obsolescence.

JIT Purchasing Facilitates Reduction in _____________ and the Associated _____________

JIT Purchasing Facilitates Reduction in _ and the Associated _