Question
An approach that tries to match the output of
manufacturing with market demand, in order to minimize inventories is calledSolution
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.
In which city was the first Multi Purpose Vessel (MPV) for the Indian Navy, named ‘Samarthak’, launched?
The Largest saline water lake in India is-
If the surface area of a cube is 216 square meters, then what will be its volume?
Recently Uma Dasgupta passed away at the age of 84, who was she by profession?Â
When was the "WHO Global Strategy on Diet, Physical Activity and Health" adopted by the Health Assembly?
Which of the following has been recently added to the UNESCO list of Intangible Cultural Heritage
In which of the following districts is the famous Manesar Cave located?
What is India's rank in Inclusive Development Index among emerging economies, recently released by World Economic Forum (WEF)?
The fiber and mineral rich 'Jalgaon banana' has got the Geographical Indications (GI) exported to which city of UAE?
Recently, where was the first Joint Commanders’ Conference (JCC) held?