Answer:
Just-in-time
Explanation:
Just-in-time inventory system advocates minimal holding of raw materials in the stores. In this system, materials are ordered when they are required for production. The just-in-time (JIT) approach aligns customers requests with the production process.
JIT system is a cost-effective approach. It reduces wastage that results from holding huge volumes of inventory. The managers operating a JIT system must be able to forecast accurately to avoid stock outs. The order management systems should be fast and reliable for the JIT to be successful.
