BANK SEBI Grade A Phase 1 & Phase 2 Mock Test 2024 Accounting and Auditing Cost and Management Accounting
Which of the following is a key principle of the Just-in-Time (JIT) production system?
1
Maintaining high inventory levels
2
Producing goods in advance of demand
3
Reducing lead times and minimizing waste
4
Increasing batch sizes
5
Centralizing production facilities