Accounting · Cost Accounting
Which of the following is a key feature of a Just-in-Time (JIT) inventory management system?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Prioritising low-cost suppliers over high-quality ones
- 2Minimising inventory levels by producing goods only when needed✓
- 3Producing goods in large batches to minimise setup costs
- 4Holding large buffer stocks to avoid production stoppages
Correct answer
Minimising inventory levels by producing goods only when needed
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