According to the APICS Dictionary, _____ is defined as the process of a supplier placing goods at a customer location without receiving payment until after the buyer uses the goods.
A) Kanban
B) Just-in-time
C) Consignment
D) MRO
E) None of the above.

Question

Quizplus · Accepted Answer

Consignment is the process of a supplier placing goods at a customer location without receiving payment until after the buyer uses the goods. Kanban refers to a system of signaling demand for specific products or components in a just-in-time manufacturing environment. Just-in-time is a philosophy of manufacturing that emphasizes the elimination of waste and continuous improvement. MRO stands for maintenance, repair, and operating supplies, which are items used in the production process but not directly incorporated into the end product.

According to the APICS Dictionary, _____ Is Defined as the Process