Under ________ companies work with both their suppliers and their customers to reduce the time items are in inventory and the amount of inventory carried by a company.
A)ABC inventory management
B)EOQ inventory management
C)federal procurement programs
D)JIT inventory management

Question

Quizplus · Accepted Answer

JIT stands for Just-in-Time inventory management system which aims to reduce the inventory costs incurred by a company by maintaining only the required inventory level. This is achieved by having a close relationship between suppliers and customers so that items are delivered in small batches as and when required, enabling companies to reduce the time items are in inventory and the amount of inventory carried.

Under ________ Companies Work with Both Their Suppliers and Their