Which of the following was pioneered by Japanese firms during that country's remarkable economic transformation during the 1960s and 1970s?

Question

Quizplus · Accepted Answer

Pioneered by Japanese firms during the country's remarkable economic transformation during the 1960s and 1970s, just-in-time inventory systems now play a major role in most manufacturing firms. The basic philosophy behind just-in-time (JIT) inventory systems is to economize on inventory holding costs by having materials arrive at a manufacturing plant just in time to enter the production process and not before.

Which of the Following Was Pioneered by Japanese Firms During