JIT, TQM, ABM, and TOC all make a contribution to
A) encourage competition.
B) eliminate all costs.
C) continuous improvement.
D) assign costs differently than before.

Question

Quizplus · Accepted Answer

JIT (Just In Time) focuses on eliminating waste and improving efficiency by delivering products only when they are needed. TQM (Total Quality Management) aims to provide high-quality products and services by reducing defects and errors in the production process. ABM (Activity-Based Management) helps to identify and manage the costs of activities that add value to the production process. TOC (Theory of Constraints) identifies and eliminates bottlenecks in the production process to improve efficiency. All of these approaches emphasize continuous improvement as a way to increase efficiency, reduce costs, and improve quality.

JIT, TQM, ABM, and TOC All Make a Contribution to