Business Studies · Inventory Management
The Just-In-Time (JIT) inventory system primarily aims to:
- 1Minimize inventory levels and reduce carrying costs by receiving goods only as they are needed✓
- 2Order bulk seasonal products well in advance
- 3Maintain a high permanent buffer stock
- 4Increase overall stock levels to avoid stockouts
Correct answer
Minimize inventory levels and reduce carrying costs by receiving goods only as they are needed
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