GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Just In Time
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Materials Requirement Planning
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Master Production Scheduling
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Forecasting
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Detailed explanation-1: -JIT inventory ensures there is enough stock to produce only what you need, when you need it. The goal is to achieve high volume production with minimal inventory on hand and eliminate waste.
Detailed explanation-2: -Inventory management is a strategy that ensures businesses always have the right amount of inventory at the right time and in the right place.
Detailed explanation-3: -The just-in-time (JIT) inventory system is a management strategy that aligns raw-material orders from suppliers directly with production schedules.
Detailed explanation-4: -Just-in-time, or JIT, is an inventory management method in which goods are received from suppliers only as they are needed. The main objective of this method is to reduce inventory holding costs and increase inventory turnover.
Detailed explanation-5: -Lookout for quality suppliers. A regular flow of supply can keep the company thriving. Proper order process. The customers’ demands keep on fluctuating. Proper analysis. Cost savings. A few things that need to be kept in mind. 29-Nov-2018