Economics · Just-In-Time (JIT) System
Consider the following statements regarding Just-In-Time (JIT) inventory management: Statement I: Just-in-time refers to acquiring materials and manufacturing goods only as needed to fill customer orders. Statement II: Just-in-time is a supply-push manufacturing system. Statement III: Just-in-time is also referred to as lean production. Which group of statements is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statements I, II, and III
- 2Statements II and III
- 3Statements I and III✓
- 4Statements I and II
Correct answer
Statements I and III
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