Question: What does the term 'lean manufacturing' refer to ? A quality control process An inventory management technique A marketing strategy A production philosophy aimed at

What does the term 'lean manufacturing' refer to?
A quality control process
An inventory management technique
A marketing strategy
A production philosophy aimed at minimizing waste and maximizing efficiency

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

SOLVE ALL QUESTION Which of the following is not a key objective of operations management? a) Cost reduction b) Quality improvement c) Customer satisfaction d) Marketing strategy Just-in-Time (JIT)...

Q:

SOLVE ALL QUESTION Which of the following is not a key objective of operations management? a) Cost reduction b) Quality improvement c) Customer satisfaction d) Marketing strategy Just-in-Time (JIT)...

Q:

SOLVE ALL QUESTION Which of the following is a qualitative forecasting method? a) Moving average b) Exponential smoothing c) Delphi method d) Linear regression Total Quality Management (TQM) aims to...

Q:

SOLVE ALL QUESTION The "Five Whys" technique is used in operations management for: a) Cost analysis b) Root cause analysis c) Inventory management d) Resource allocation Which of the following is not...

Q:

SOLVE ALL QUESTION In operations management, the term "bottleneck" refers to: a) A slow manufacturing process b) A point where production exceeds demand c) A constraint that limits throughput d) A...

Q:

1. What is the primary goal of operations management? a) Maximizing revenue b) Minimizing costs c) Customer satisfaction d) Employee satisfaction 2. Which of the following is not a key component of...

Q:

JIT (Just-In-Time) is a philosophy that aims to: a) Maximize production at all times b) Minimize production costs c) Minimize waste and reduce inventory levels d) Maximize warehouse space utilization...

Q:

1. Which of the following is not a primary function of operations management? a) Marketing b) Production c) Quality control d) Inventory management 2. What is the main objective of operations...

Q:

Which of the following is NOT a primary function of operations management? a) Planning b) Marketing c) Controlling d) Organizing Lean production aims to: a) Maximize resource utilization b) Minimize...

Q:

2. What is the main objective of operations management? a) Maximizing profit b) Minimizing costs c) Customer satisfaction d) Increasing market share 3. Which of the following is an example of a...

Q:

Genomics and Bioinformatics compare the genomic aspects of different Plasmodia and may be correlate them to some phenotypes (diseases) based on their structure. Focus on bioinformatics and genomics...

Q:

13. What is the value of index at the end of this program? public static void main(Stringt1 args) for (int index 1: index 10: index ++) ( System.out.printin ("The value of index - index) / end method...

Q:

Inquire about terms that justify classifying payables as long - term instead of current.

Q:

WACC The Patrick Company's year-end balance sheet is shown below. Its cost of common equity is 18%, its before-tax cost of debt is 11%, and its marginal tax rate is 40%. Assume that the firm's...