What is part of a "lean production" philosophy that has been credited for the success of many Japanese companies and some large U.S.companies?
A)Just-in-time production
B)Mini-max inventory systems
C)Economic order quantities
D)Strategic cost analysis systems

Question

Quizplus · Accepted Answer

Just-in-time production is a key principle of the lean production philosophy, which emphasizes reducing waste and increasing efficiency by producing only what is needed, when it is needed. This approach has been credited for the success of many Japanese companies, such as Toyota, and has also been adopted by some large U.S. companies. Mini-max inventory systems and economic order quantities are related concepts, but are not specifically part of the lean production philosophy. Strategic cost analysis systems may also be used in conjunction with lean production, but are not a fundamental aspect of the philosophy.

What Is Part of a "Lean Production" Philosophy That Has