A manufacturer has decided to improve its inventory management by maintaining low inventory levels and waiting to purchase materials until right before they are needed in production. This inventory management technique is called
A. just-in-time (JIT).
B. time management.
C. inventory minimization.
D. economic order quantity.
E. reorder point maximization.
Answer: A
You might also like to view...
Activity based costing is most effective when it is implemented in an environment that supports total quality management
Indicate whether the statement is true or false
Standard hours allowed are computed using the equation
A) unit labor standard x actual output. B) unit labor standard x standard output. C) unit labor standard x actual input. D) unit labor standard x standard input. E) not shown here.
Interest rate volatility increases the complexity of cash management
Indicate whether the statement is true or false.
The upper value of the game is selected as the minimum of the maximum numbers in a column
Indicate whether the statement is true or false