An inventory management technique designed to minimize inventory investment by having materials arrive at the time they are needed for use is known as
A just-in-time (JIT) inventory management system limits the output of each manufacturing operation to the demand of the next operation. Shipment of raw materials from vendors are scheduled to arrive ''just in time'' to be used in the production process. Inventory storage is considered a nonvalue-adding activity, and raw materials on hand are thus kept to a minimum.
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