JIT Inventory Benefits Specific Functions

Steps:

• Define JIT as a strategy minimizing inventory by receiving goods only as needed, reducing holding costs.
• Identify functions benefiting from low inventory: production (efficient assembly) and sales (quick delivery).
• Exclude functions not reliant on minimal stock: procurement (focuses on sourcing) and finance (tracks costs broadly).
• Match benefits to options: 2 (production) and 3 (sales) align with JIT advantages.

Why D is correct:

• JIT reduces waste and improves cash flow in production and sales, per lean manufacturing principles.

Why the others are wrong:

• A omits sales, missing a key JIT beneficiary.
• B includes procurement and finance, which don't directly leverage JIT's low-stock model.
• C excludes production, ignoring JIT's core assembly efficiency.

Not enough information on exact functions 1-4, but D fits standard JIT applications.

Final answer: D