A-One Garage Doors
Having worked in the door installation industry for about six years, Harry has started his own company called "A-One Garage Doors". The company assembles, installs, provides services and repairs for both residential and industrial garage doors. Like any other business when it comes to residential accounts Harry's conditions are cash but for industrial accounts he thinks he should offer credit. Furthermore, he is contemplating what level of inventory he should keep to meet the demand.

-If Harry adopts the practice of purchasing and accepting delivery of inventory only after it has been sold to the final customer,it would be referred to as a(n)_____ inventory system.
A)point-of-sale
B)JIT
C)EOQ
D)periodic

Question

A-One Garage Doors
Having worked in the door installation industry for about six years, Harry has started his own company called "A-One Garage Doors". The company assembles, installs, provides services and repairs for both residential and industrial garage doors. Like any other business when it comes to residential accounts Harry's conditions are cash but for industrial accounts he thinks he should offer credit. Furthermore, he is contemplating what level of inventory he should keep to meet the demand.

-If Harry adopts the practice of purchasing and accepting delivery of inventory only after it has been sold to the final customer,it would be referred to as a(n)_____ inventory system.
A)point-of-sale
B)JIT
C)EOQ
D)periodic

Quizplus · Accepted Answer

JIT (Just-in-Time) inventory system involves purchasing and accepting delivery of inventory only after it has been sold to the final customer. This system helps to minimize inventory holding costs and reduce the risk of overstocking or stockouts. Therefore, it is the best choice for Harry if he wants to optimize his inventory management.

A-One Garage Doors Having Worked in the Door Installation Industry for About Six