Just-in-time (JIT) is the concept of reducing inventories to:

Related MCQs

• The use of CAD (computer-aided design) is emerging as a new technology with the goal of reducing the time and money spent to produce and update design drawings. In some cases, the CAD is being used to control other computers and machines to manufacture basic components of equipment. Because the CAD software has the capability to perform checks of the design and make changes to designs as they are approved, there has been ______________.
• Statistical Decision Making includes Pareto Analysis as a means of reducing errors in the total project process. Pareto Analysis ______________.
• The concept of rational sub group means that subgroups or samples be selected such that if assignable causes are present the chances for differences between subgroups will be ______________.
• 80% of the problems are found in 20% of the work is a concept of:
• The concept that it is easier and less costly to do the work right the first time is called:
• The concept that states: "the optimal quality level is reached at the point where the incremental revenue from product improvement equals the incremental cost to secure it" comes from:
• Cost of quality is a concept that includes:
• The concept of making a giant leap forward followed by a period of maturity is:
• The concept of zero inventory is called: