Question

Just in time inventory manajement would most help which business?

Answer 1

Answer:

Just in time inventory management would most help automotive company.

Explanation:

• Just-in-time inventory system is a 'management strategy' that aligns procurement of raw material order directly with the production schedules.

• Generally, an automotive company benefits most from just-in-time inventory management because an automotive industry only manufactures a car after an order is received.

• Just-in-time inventory management system cuts off inventory costs because of low inventory and lesser storage requirement.

• Because of working with less inventory, production runs are short and manufacturers can switch from one product to another easily.