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An inventory management technique designed to minimize inventory investment by having materials arrive at the time they are needed for use is known as
Suggested Answer: D
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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.
14 comments · newest first
BA
Barney
10 months ago
JIT minimizes inventory investment, true!
BR
Brittni
10 months ago
Definitely JIT, it reduces waste.
BE
Beckie
10 months ago
Wait, isn't MRP also about timing?
PA
Page
10 months ago
JIT sounds risky, what if there's a delay?
WI
Willow
11 months ago
Just-in-time (JIT) is the way to go!
AL
Alline
11 months ago
FIFO is definitely not it, but I can't shake the feeling that MRP could be relevant too. I should probably go with JIT though.
CA
Carma
11 months ago
I keep mixing up EOQ and JIT. I know EOQ is about order quantity, but JIT is about timing, right?
PR
Precious
11 months ago
I remember studying MRP, but it focuses more on planning rather than just-in-time delivery. I feel like JIT is the right choice here.
ME
Merlyn
12 months ago
I think the answer might be Just-in-time (JIT), but I'm not entirely sure. It seems to fit the description of minimizing inventory.
AN
Annice
12 months ago
I'm a bit confused by the wording of this question. The options all sound similar, and I'm not sure I fully understand the differences between them. I'll have to make an educated guess on this one.
DA
Daren
12 months ago
Okay, let me see if I can reason this out. JIT is designed to minimize inventory by having materials arrive just when they're needed, so that seems like the best match for the description. I'll go with that.
LA
Lauran
1 year ago
Hmm, I'm not totally sure about this one. The options seem to be talking about different inventory management techniques, but I'm not familiar with all of them. I'll have to think this through carefully.
GE
Genevieve
1 year ago
This looks like a straightforward inventory management question. I'm pretty confident I know the answer is just-in-time (JIT).
VI
Vincenza
1 year ago
I think the answer is D) Just-in-time (JIT).