Final answer:
Just-in-time deliveries are a concept in physical distribution where goods are received when needed, reducing inventory costs and improving efficiency. It is an example of a physical distribution concept in business.
Step-by-step explanation:
Just-in-time deliveries are a concept in physical distribution where companies receive goods and materials exactly when they are needed, reducing inventory costs and improving efficiency. It involves having suppliers deliver parts and components directly to the assembly line, eliminating the need for on-site warehousing. This strategy was adopted by American car manufacturers in the 1980s, following the lead of Japanese companies like Honda.
Just-in-time deliveries can be considered an example of a physical distribution concept as it pertains to the movement and storage of products throughout the supply chain. It emphasizes streamlining operations, reducing waste, and improving overall efficiency. By receiving deliveries on time, manufacturers can maintain a lean inventory and avoid the costs associated with excessive storage.