Industrial Engineering · Inventory Management
Which inventory management technique focuses on minimizing waste and holding costs by receiving materials only as they are needed in the production process?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Material Requirements Planning (MRP)
- 2Vendor Managed Inventory (VMI)
- 3Economic Order Quantity (EOQ)
- 4Just-In-Time (JIT)✓
Correct answer
Just-In-Time (JIT)
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