Supply Chain Management Professional (SCMP) · Question
Which of the following is a direct benefit of 'just-in-time' (JIT) inventory management?
JIT aims to minimize inventory, thereby significantly reducing associated holding costs like warehousing and capital tied up.
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Question: Which of the following is a direct benefit of 'just-in-time' (JIT) inventory management?
Answer options: ✅ Reduced inventory holding costs
- Increased buffer stock for demand fluctuations
- Higher certainty of supply availability
- Simplified supplier relationship management
Correct answer: Reduced inventory holding costs
Explanation: JIT aims to minimize inventory, thereby significantly reducing associated holding costs like warehousing and capital tied up.
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