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Klio2033 [76]
3 years ago
7

A newly launched twenty-first century addition to production strategy which leverages lean manufacturing strategies, Six Sigma b

est practices, and real-time actionable intelligence from the factory floor is called:
Business
2 answers:
victus00 [196]3 years ago
5 0

Answer:

Adaptive manufacturing

Explanation:

Based on the information provided within the question it can be said that the production strategy that is being mentioned is called Adaptive manufacturing. This uses many practices in order to develop, produce, and deliver products with high demand, while also efficiently managing and using all the existing resources that the company has at it's disposal.

Nata [24]3 years ago
4 0

Answer: Adaptive manufacturing

Explanation:

Adaptive Manufacturing is a joint project by Oliver van Herpt and Sander Wassink which began in 2014. An important part of their project was to highlight the production process.

Adaptive Manufacturing answers the question about how craftsman has been replaced by technological production thereby removing all traces of local and human influence.

There is the production process at the beginning of every product. When craftsmen were replaced by machines, there was loss in the translation of local influences into products.

Adaptive manufacturing is a 21st century addition to production strategy which uses six sigma,lean manufacturing strategies, and real-time actionable intelligence to enhance production.

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This due to the law of diminishing marginal utility. When the price of good A falls as result consumer will buy more quantity of good A. But according to the  law of diminishing marginal utility, as the consumers consumes more and more quantity of good, the utility derived from an additional unit goes on diminishing.

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As such, retained earnings generally consists of a company's cumulative net income less any net losses and dividends declared since its inception.

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