Question

Mark is the inventory-control manager at Shield Corp. He usually places an order for steel rods based on the firm's daily requirement rather than procuring a massive quantity of steel rods once a month from the supplier. Which of the following approaches to inventory control has Mark implemented in this scenario?
a. the batch processing system.
b. just-in-time inventory management.
c. the perpetual inventory system.
d. computer-assisted manufacturing.
e. the in-basket technique.

Answer 1

Answer:

b. just-in-time inventory management

Explanation:

Just in Time (JIT) inventory relates to an inventory control program with the goal of making inventory conveniently able to meet demand, just not to the extent of overload where you have to store extra items. JIT inventory has been used to better cut costs, open up storage space, and reduce error levels.