To reduce inventory management costs, many companies use a system called , which involves carrying only small inventories of parts or merchandise, often only enough for a few days of operation.

Related MCQs

• ………… is not the type of inventory based on inventory position in the supply chain.
• Many organisations hold safety stocks as part of their inventory. Which of the following is a reason for holding safety stocks?
• Supply chain management has its own origin in operation of …….. Enterprise.
• EOQ is that order quantity which result in …………total inventory cost.
• ……………….includes design and administration of systems to control the flow of materials, WIP and finished inventory to support business unit strategy.
• …………analysis, parameters for classification of inventory is unit price of material.
• The maintenance of a minimum possible level of inventory required for a desired level of customer service is the objective of
• An appropriate strategy to optimize the productivity of retail space and inventory is:
• An appropriate strategy to optimise the productivity of retail space and inventory is:
• …………..refers to supply chain practices that strive to reduce energy and environmental footprints in terms of freight distribution.