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Posts: 205
2 weeks ago
What of the following best describes just-in-time inventory management?

▸ Production inefficiencies arising when production capacity stands idle for lack of materials are minimized by holding a small stock of essentials at all times.

▸ A firm acquires inventory precisely when needed so that its inventory balance is always at, or close to, zero.

▸ Inventory is maintained as a buffer to meet uncertainties in demand, supply, and movements of goods.

▸ A firm minimizes the time lags present in the supply chain by maintaining a certain amount of inventory to use in these lag times.
Textbook 
Fundamentals of Corporate Finance
Edition: 2nd
Authors:
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2 weeks ago
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A firm acquires inventory precisely when needed so that its inventory balance is always at, or close to, zero.
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wrote...
2 weeks ago
Thank you for answering so quickly
wrote...
2 weeks ago
Was feeling bored, my pleasure Grinning Face with Smiling Eyes
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