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Author Question: When using just-in-time inventory management, a company puts goods into production (Read 59 times)

llesku

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Question 1

Just-in-time inventory management (JIT) is an inventory strategy that focuses on
◦ getting the product produced at any cost.
◦ reducing waste and inefficiency.
◦ getting the right product to the right location at the right price.
◦ performance measures.

Question 2

When using just-in-time inventory management, a company puts goods into production
◦ in anticipation of customer orders.
◦ when customer orders are received and goods arrive.
◦ when inventory levels drop below specified levels.
◦ when the warehouse has enough space to accommodate additional inventory.


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Marked as best answer by llesku on Feb 5, 2023

rhhoagland

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llesku

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Reply 2 on: Feb 5, 2023
:D TYSM


robbielu01

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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