Which of the following is one of the categories of manufacturing inventory?
1.reorder oint
2. economic order inventory
3. work-in-progress
4. just in time inventory.
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Answer:
just in time inventory
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Answer:
4. Just in time inventory
Explanation:
This process is maintained in various manufacturing industries when the goods are called for just during the production process to reduce any wastage of the goods.
Cost is also decreased hugely by this method. This reduces excess raw materials and their subsequent wastage.
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