What is just-in-time (JIT) inventory control?
A) when companies produce goods and services by integrating many facilities, functions, and processes, from suppliers to customers
B) when only minimal supplies are kept on the organization's premises and others are delivered by the suppliers on an as-needed basis
C) a computer-based method of delivering the right amounts of supplies to the right place at the right time for the production of goods
D) a list of materials that go into the finished product
E) a computer-based system that collects and provides information about a company's entire enterprise, including identifying customer needs, receipt of orders, distribution of finished goods, and receipt of payment
Answer: B
Explanation: B) Just-in-time inventory control is when only minimal supplies are kept on the organization's premises and others are delivered by the suppliers on an as-needed basis.
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