Just in Time inventory control shifts most of the inventory chores to the vendor.

INVENTORY MANAGEMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

“Just in Time” inventory control shifts most of the inventory chores to the vendor.

A	True
B	False
C	Either A or B
D	None of the above

Explanation:

Detailed explanation-1: -Just-in-time inventory is a supply management strategy that schedules products and materials to arrive as they are needed to fulfill orders. This reduces how much inventory is kept on hand and can help small businesses reduce waste, save space and improve cash flow.

Detailed explanation-2: -What is the Difference between VMI and JIT Delivery? True Just In Time delivery seeks to eliminate inventory entirely; meanwhile, with Vendor Managed Inventory, the supplier keeps inventory nearby the buyer’s facility for fast, on-demand delivery.

Detailed explanation-3: -Potential Risks of Just-in-Time Inventory System Any shortage of raw materials or parts will inevitably cause delays in shipment to the customer. With time-sensitive orders, businesses risk losing customers. Production in smaller lots could also result in spending more rather than ordering raw materials in bulk.

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ENTREPRENEURSHIP

ENTREPRENEURIAL OPERATIONS

INVENTORY MANAGEMENT