Which of the following is characteristic of the lean philosophy?
A)Inventories are an asset.
B)Lot sizes are optimized by formula.
C)Close, long-term relationships with vendors.
D)Queues are a necessary investment.
E)All of the choices.

Question

Quizplus · Accepted Answer

Lean philosophy emphasizes the importance of close, long-term relationships with vendors to ensure a smooth and continuous flow of materials and information, which is crucial for minimizing waste and improving efficiency.

Which of the Following Is Characteristic of the Lean Philosophy