Supply Chain Management Professional (SCMP) · Question
Which inventory management strategy aims to reduce inventory holding costs by receiving goods only as they are needed for production or sale?
Just-in-Time (JIT) is a lean inventory strategy that seeks to minimize inventory levels and associated holding costs by aligning deliveries with demand.
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Question: Which inventory management strategy aims to reduce inventory holding costs by receiving goods only as they are needed for production or sale?
Answer options: ✅ Just-in-Time (JIT)
- Safety Stock
- Economic Order Quantity (EOQ)
- First-In, First-Out (FIFO)
Correct answer: Just-in-Time (JIT)
Explanation: Just-in-Time (JIT) is a lean inventory strategy that seeks to minimize inventory levels and associated holding costs by aligning deliveries with demand.
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200 questions · no signup required · 40 free questions per day
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