What does "Just$-$in$-$Time" $($JIT$)$ inventory management focus on$,$ and what is a key benefit?

a$)$ JIT focuses on increasing inventory levels to handle demand fluctuations. A key benefit is reduced storage costs.

b$)$ JIT focuses on maintaining large inventory to prevent stockouts. A key benefit is higher production capacity.

c$)$ JIT aims to reduce inventory levels by receiving goods only as they are needed. A key benefit is minimized holding costs and improved cash flow.

d$)$ JIT emphasizes frequent inventory audits. A key benefit is better inventory accuracy.