Question

Inventory managers at SYX Enterprises utilize an inventory coetrol system where materials are scheduled to arrive just as they are neoded on the production line. Thi is referred to as:
a restructuring.
b. force-feld control.
c. total quality management.
d. just-in-time inventory control.
e. none of these.

Answer 1

Answer:

d. just-in-time inventory control.

Explanation:

Just-in-time( JIT) inventory-management style is an approach where production materials are availed only when they are needed for the production process. The company does not hold any stocks in its stores. JIT keeps the cost of inventory management low as the company orders for what it needs at that moment.

Just-in-time seeks to increase efficiency by reducing wastage and damages associated with ordering and holding large quantities of stocks. JIT aligns customers orders with the production process. In other words, customers demand drives production.  

The success of JIT depends on the management ability to forecast demand accurately and the availability of reliable suppliers.