A demand-pull system in which each component in a production line is produced immediately as needed by the next step in the production line is referred to as:
A)just-in-time purchasing.
B)materials requirements planning.
C)economic order quantity (EOQ).
D)relevant total costs.

Question

Quizplus · Accepted Answer

This process is known as just-in-time (JIT) production or manufacturing, where each component is produced just in time as it is needed in the production line. This approach helps to reduce inventory costs, increase efficiency, and improve quality control. Materials requirements planning and economic order quantity are related to inventory management, but they do not specifically involve the production process. Relevant total costs refer to the overall costs associated with a particular decision or project.

A Demand-Pull System in Which Each Component in a Production