An approach that tries to match the output of manufacturing with market demand, in order to minimize inventories is called

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 the company thinks the customer might demand, the company only makes what the customer actually asks for when they ask for it. This allows the company to concentrate its resources on only fulfilling what it can sell based on actual demand rather than building for stock/inventory. Within a Just in Time manufacturing system, each process will only produce what the next process in sequence is calling for.