What is a just-in-time (JIT) inventory system? - Practice (English) | ObjectiveMcq

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What is a just-in-time (JIT) inventory system? - Practice (English) | ObjectiveMcq

PracticeBusiness ManagementWorking Capital ManagementWhat is a just-in-time (JIT) invent...

Working Capital Management Business ManagementEasy

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What is a just-in-time (JIT) inventory system?

Correct Answer:

(A) A system that aims to minimize inventory levels by ordering and receiving goods only as needed

Explanation:

A system that aims to minimize inventory levels by ordering and receiving goods only as needed

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