Time & Materials refers to a manufacturing context where just-in-time (JIT)tools are used to ensure that every step in the supply process adds value,while costs are kept to a minimum.

Question

Time & Materials refers to a manufacturing context where just-in-time (JIT)tools are used to ensure that every step in the supply process adds value,while costs are kept to a minimum.

Quizplus · Accepted Answer

Time & Materials is a contract or billing method often used in projects, where the client pays for the time spent on the project and the materials used, rather than a fixed price. It is not specifically related to manufacturing or JIT tools.

Time & Materials Refers to a Manufacturing Context Where Just-In-Time (JIT)tools