Supply Chain Management Professional (SCMP) · Question
Which of the following is a common method for inventory reduction?
Just-In-Time (JIT) production aims to minimize inventory by receiving goods only as they are needed for production or sale. This reduces carrying costs.
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Question: Which of the following is a common method for inventory reduction?
Answer options:
- Increasing safety stock levels. ✅ Implementing Just-In-Time (JIT) principles.
- Ordering in larger batch sizes.
- Extending supplier lead times.
Correct answer: Implementing Just-In-Time (JIT) principles.
Explanation: Just-In-Time (JIT) production aims to minimize inventory by receiving goods only as they are needed for production or sale. This reduces carrying costs.
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