Retro Inc wanted to reduce the amount of supplies it had on hand at any given time to the minimum required. To accomplish this goal, it implemented a ________ system
A) just-in-time
B) reserve stock system
C) stock book solution
D) visual assessment
E) TQM
A
Explanation: A) Stock book solutions, visual assessments and reserve stock systems are inventory controls systems that require inventory being stored internally. In a just-in-time inventory control system, suppliers deliver just enough supplies just-in-time for their use in a production process, thus reducing the need for internal storage. While this requires frequent deliveries, it also allows the producer to greatly reduce the amount of parts and materials held in inventory. TQM is not an inventory control system.
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