Supply Chain Management Professional (SCMP) · Question
What inventory management technique relies on ordering stock only when a customer order is received, minimizing holding costs?
Just-In-Time (JIT) aims to reduce inventory costs by receiving goods only as they are needed in the production process or for customer orders.
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Question: What inventory management technique relies on ordering stock only when a customer order is received, minimizing holding costs?
Answer options: ✅ Just-In-Time (JIT)
- Economic Order Quantity (EOQ)
- Materials Requirements Planning (MRP)
- Vendor-Managed Inventory (VMI)
Correct answer: Just-In-Time (JIT)
Explanation: Just-In-Time (JIT) aims to reduce inventory costs by receiving goods only as they are needed in the production process or for customer orders.
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