#RFB-11000148Reading: Fill in the BlanksAcademic,CoreMedium
Just-in-time Management
Official Question Material
Prep: Varies
'Just-in-time' is a management philosophy and not a technique. It originally referred to the production of goods to meet customer [blank] exactly, in time, quality and quantity, [blank] the 'customer' is the final purchaser of the product or another process [blank] along the production line. It has now come to mean producing with [blank] waste. 'Waste' is taken in its most general sense and includes time and resources as well as materials.
Sample Answer & Audio Transcript
'Just-in-time' is a management philosophy and not a technique. It originally referred to the production of goods to meet customer demand exactly, in time, quality and quantity, whether the 'customer' is the final purchaser of the product or another process further along the production line. It has now come to mean producing with minimum waste. 'Waste' is taken in its most general sense and includes time and resources as well as materials.
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