The use of total quality management and flexible manufacturing practices to reduce setup costs enhances a company's ability to use
A)economic order quantity methods.
B)just-in-time inventory methods.
C)first-in,first-out inventory methods.
D)last-in,last-out inventory methods.

Question

Quizplus · Accepted Answer

Total quality management and flexible manufacturing practices allow companies to set up machines quickly and efficiently, making it easier to implement just-in-time inventory methods. JIT inventory focuses on reducing inventory carrying costs by ordering and receiving goods only when they are needed in production. By utilizing TQM and flexible manufacturing practices, companies can quickly switch between different products and production runs without incurring high setup costs, making it more feasible to implement JIT inventory processes.

The Use of Total Quality Management and Flexible Manufacturing Practices