Final answer:
The JIT inventory system typically results in frequent, smaller deliveries, reduced lead times, increased product availability, and reduced inventory investment, but it does not lead to more inventory to warehouse which is contrary to its principle.
Step-by-step explanation:
The JIT (Just-In-Time) inventory system is a management strategy that is associated with many benefits to production processes, mainly the automotive industry. The concept revolves around minimizing inventory costs by having components delivered exactly when they are needed in the production process. This requires suppliers to be located closely to the manufacturing plant.
The aspects associated with JIT systems include frequent deliveries of smaller quantities of merchandise, which implies reduced lead times as parts do not have to be ordered and stored far in advance. JIT systems aim towards increased product availability at the time of manufacturing and contribute to a lower inventory investment, eliminating the need for large warehouse spaces and reducing holding costs. However, contrary to one of the options suggested, JIT systems do not support more inventory to warehouse; in fact, this is the direct opposite of what these systems aspire to achieva.