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A scheduling system for minimizing inventory by having components arrive exactly at the moment they are needed and finished goods shipped as soon as they leave the assembly line best describes a ________ strategy. just-in-time frictionless bullwhip safety-stock

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Answer:

just in time strategy is the correct answer

Explanation:

just in time strategy is inventory systems that happen when businesses do not have stocks and they depend on the deliveries of components and finished materials that are ordered and arrive as they are exactly required in the production process.

The elements of the JIT strategy are

  • total quality management.
  • Respect for the people.
  • just in time manufacturing.

The objectives of Just in time strategy are:

  • To remove the waste.
  • To improve productivity and to make the production smooth.
  • To improve efficiency and also to reduce the financial cost, labor costs.

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