In order to eliminate waste,companies must adopt and implement one or more management practices that focus on different aspects of the lean business model such as:
A) Just-in-Time.
B) maintaining inventories large enough to shield against all unanticipated disruptions.
C) Activity-Based Costing.
D) multi-dimensional performance measurement systems.

Question

Quizplus · Accepted Answer

Just-in-Time is a management practice that emphasizes producing and delivering products only when they are needed. This reduces inventory holding costs and eliminates waste from overproduction, waiting, excess inventory, unnecessary movement, and defects. By adopting Just-in-Time, companies can operate on a demand-pull rather than a supply-push basis, which results in leaner processing, greater efficiency, and better quality.

B) is incorrect as it opposes the principles of lean business model.
C) and D) are also advantageous practices but do not focus on the elimination of waste pro-actively like Just-in-Time.

In Order to Eliminate Waste,companies Must Adopt and Implement One