The approach that recognizes the assets and activities of the company are interdependent and should be managed so as to maximize the company's performance is
A) capacity management.
B) lean production.
C) synchronous management.
D) waste-less production.

Question

Quizplus · Accepted Answer

Synchronous management recognizes that all assets and activities of a company are interconnected and should be managed together in order to maximize overall performance. It takes into account the entire value stream and focuses on reducing lead times, eliminating waste, and increasing efficiency. Capacity management is a narrower focus on maximizing the efficiency of a company's resources. Lean production and waste-less production are specific methodologies within synchronous management.

The Approach That Recognizes the Assets and Activities of the Company