An overall management philosophy that advocates eliminating waste, solving problems, and striving for continual improvements in operations is called
A) master production scheduling.
B) material requirements planning.
C) statistical process control.
D) just-in-time inventory management.
E) employee empowerment.

Question

Quizplus · Accepted Answer

Just-in-time (JIT) inventory management is a management strategy that aligns raw-material orders from suppliers directly with production schedules. It aims at reducing inventory costs, increasing efficiency, and decreasing waste by receiving goods only as they are needed in the production process, thereby reducing inventory costs. This philosophy emphasizes eliminating waste, solving problems, and striving for continual improvements in operations.

An Overall Management Philosophy That Advocates Eliminating Waste, Solving Problems