A philosophy to eliminate waste by reducing the time products spend in the production process and eliminating the time that products spend on activities that do NOT add value is

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Quizplus · Accepted Answer

Just-in-time philosophy aims to eliminate waste by reducing the time products spend in the production process and eliminating the time that products spend on activities that do NOT add value. It emphasizes the importance of producing only what is needed, when it is needed, and in the required quantity. This helps to reduce inventory costs, improve efficiency, and increase customer satisfaction. Computer-integrated manufacturing refers to the use of computers to integrate and control manufacturing processes, while an added value tax is a type of tax on the value added to a product at each stage of production and distribution. "Better late than never" is not a relevant concept in this context.

A Philosophy to Eliminate Waste by Reducing the Time Products