"Just-In-Time" inventory management has led to a decrease in consumer cost. This was made possible by

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04-05-2021
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"Just-In-Time" inventory management has led to a decrease in consumer cost. This was made possible by

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Annykslidn Annykslidn · Answer 1 · 2021-05-05T20:34:17-04:00

Answer:

"Just-In-Time" inventory management has led to a decrease in consumer cost. This was made possible by reducing the cost of inventory.

Explanation:

Just-in-time is a strategy that manages to lower the cost of inventory of products. The cost of inventory is a cost of producing products and services that is passed on in the price of the product that will be sold, reducing the cost of inventory, allows the product or service to be offered more cheaply, reducing the cost of the consumer.

Just-in-time allows the elements used in the manufacture of products to be stored only when they are necessary for the manufacturing process. This decreases the time that the elements will be stored, which will reduce the cost of maintaining this inventory.

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