Start learning 50% faster. Sign in now
Just in Time (JIT), as the name suggests, is a management philosophy that calls for the production of what the customer wants, when they want it, in the quantities requested, where they want it, without it being delayed in inventory. So instead of building large stocks of what you think the customer might want you only make exactly what the customer actually asks for when they ask for it. This allows you to concentrate your resources on only fulfilling what you are going to be paid for rather than building for stock. Within a Just in Time manufacturing system, each process will only produce what the next process in sequence is calling for.
A man is travelling at a speed of 40 km/h such that he will take 60 minutes to reach his destination. But after completing half the journey, the man too...
The Vice President of India is elected by the members of an electoral college consisting of __________.
'Dance to Decarbonise'event was recently organised by which ministry?
The range of word length for a super computer is?
ISRO's PSLV-C55 rocket launched satellites TelEOS-2 and Lumelite-4. Which country do these satellites belong to?
What does the term "out of order" typically refer to in the context of loans?
Which of the following line(s) act as a normal to a spherical mirror?
(i) Line joining the pole and centre of curvature
(ii) Line joining ...
Which of the following is an example of a non-monetary item that would not be recorded in the financial statements under the Money Measurement Concept?
What is Sagittarius A*, recently it was in the news?
Consider the following statements about Goods and Services Tax (GST) is/are correct?
GST Council is the g...