Which of the following is a method of managing purchasing,production,and sales,by which the firm attempts to produce each item only as needed for the next step in the production process?
A)Flexible manufacturing practices
B)Just-in-time inventory
C)Theory of constraints
D)Total quality management

Question

Quizplus · Accepted Answer

Just-in-time inventory is a method of managing purchasing, production, and sales by producing each item only as needed for the next step in the production process. This approach reduces waste, increases efficiency, and allows companies to respond quickly to changes in demand. Flexible manufacturing practices, theory of constraints, and total quality management are other methods that focus on improving efficiency and quality. However, they do not specifically emphasize the use of just-in-time inventory.

Which of the Following Is a Method of Managing Purchasing,production,and