Alex is a production manager who believes his firm uses more of all types of resources than is necessary to produce its products. He would like to find a way to cut back on labor, and reduce the firm's investment in tools and space as well. It seems that Edwin would like to adopt:
A) mass production.
B) marginal cost management.
C) lean manufacturing.
D) the maximum production method.

Question

Quizplus · Accepted Answer

Alex's goal aligns with the principles of lean manufacturing, which aims to eliminate waste, including excess labor and unnecessary investment in tools and space, while maintaining or improving product quality. Mass production focuses on maximizing output, while marginal cost management focuses on optimizing costs at the margin. The maximum production method is not a recognized manufacturing strategy.

Alex Is a Production Manager Who Believes His Firm Uses