A(n)_____ refers to the practice of purchasing and accepting delivery of inventory only after it has been sold to the final customer.
A) just-in-time inventory
B) macro inventory
C) micro inventory
D) in-process inventory

Question

Quizplus · Accepted Answer

Just-in-time inventory is a method of inventory management that involves purchasing and accepting delivery of inventory only after it has been sold to the final customer. This approach eliminates the need to hold large amounts of inventory in stock, which can tie up capital and lead to storage and maintenance costs. Instead, inventory is ordered and delivered just in time to meet customer demand. This allows businesses to reduce waste, minimize storage requirements, and respond quickly to changing market conditions.

A(n)_____ Refers to the Practice of Purchasing and Accepting Delivery