Question

Just in time inventory involves the following main component:

A. Maximizing Turnover.
B. Restocking inventory frequently.
C. Supplier agreement.
D. Essential component of larger production planning process.
E. All of the above.

Answer 1

Answer:

"E "

Explanation:

Just in time inventory is an inventory management system where inventory required for production are ordered at the point of production.

This practice helps to maximize profit as investment on inventory carriage and storage are minimized , aiding an improved working capital management.

It is of importance that machine break down is avoided and there is a reliability of man power in order to avoid operation down time when there is a demand.

Also , there must be a solid arrangement with supplier for it to be effective.

Answer 2

Answer:

All of the above.

Explanation:

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