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andrezito [222]
3 years ago
10

Harley-Davidson employs a method of inventory control demanding that suppliers deliver parts and raw materials to Harley's produ

ction facility just as they are needed and in exactly the right amounts. This type of inventory control is known as ________.
Business
1 answer:
anzhelika [568]3 years ago
7 0

Answer:

Just-in-time  inventory management

Explanation:

Just-in-time or JIT is an inventory management approach that encourages the purchase of materials only when they are needed in the production process. The JIT approach eliminates the need for storing large quantities of material for future productions. The acquisition of materials is aligned with the production process.

By adopting JIT, a business saves on inventory costs as materials are not purchased in bulk. Wastage that results from the storage of material is also eliminated. The success of JIT depends on management ability to forecast sales accurately and working with reliable suppliers.

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