Question

A newly launched twenty-first century addition to production strategy which leverages lean manufacturing strategies, Six Sigma best practices, and real-time actionable intelligence from the factory floor is called:________.
a. just-in-time inventory.
b. adaptive manufacturing.
c. machine flexibility.
d. capacity requirements planning,

Answer 1

Answer:

a. just-in-time inventory.

Explanation:

A newly launched twenty-first century addition to production strategy which leverages lean manufacturing strategies, Six Sigma best practices, and real-time actionable intelligence from the factory floor is called Just in Time Inventory

By definition, Just in time (JIT) inventory is a production strategy which improves efficiency by reducing and almost eradicating wastes by receiving goods when they are needed at the production floor, thereby reducing inventory costs by erasing holding costs