The Ultimate Goal of a Just- In- Time (JIT)inventory System

question 103

True/False

The ultimate goal of a just- in- time (JIT)inventory system is to keep raw material inventory at a safe level to assure continuous production.

---

Definitions:

Refining Strategy

The process of adjusting and improving a strategy to ensure it is more effective in achieving goals, considering new insights or changes.

Growth

The process of increasing in size, amount, value, or importance.

Entrepreneurial Organisations

Companies characterized by innovative practices, proactive engagement with market opportunities, and a willingness to take on risks for growth.

Life Cycle

The series of changes in the life of an organism or product, including its inception, growth, and eventual decline or discontinuation.