Economics · Production and Operations Management
Which of the following statements regarding Just-In-Time (JIT) Manufacturing are correct? (I) JIT is a demand-pull manufacturing system. (II) It aims to produce high-quality products at the lowest possible cost. (III) It is also known as Clean production. (IV) JIT system helps in reducing inventory holding and overhead costs.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(I), (II) and (IV)✓
- 2(II), (III) and (IV)
- 3(I) and (III)
- 4(I), (II) and (III)
Correct answer
(I), (II) and (IV)
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