A Scheduling System for Minimizing Inventory by Having Components Arrive

question 16

Multiple Choice

A scheduling system for minimizing inventory by having components arrive exactly at the moment they are needed and finished goods shipped as soon as they leave the assembly line best describes a ________ strategy.

• A)just-in-time
• B)frictionless
• C)bullwhip
• D)safety-stock
• E)streamlined

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Definitions:

Job Control Unionism

A labor union strategy focusing on controlling hiring, work assignments, promotions, and job security through collective bargaining agreements.

Flexibility

The ability of an organization or individual to adapt to changes, challenges, or new requirements in their environment.

High Performance Work Practices

A set of management practices that are aimed at enhancing an organization's performance by improving employee involvement and commitment.

Company Profitability

A measure of how effectively a company generates profit from its operations, often assessed through ratios such as net margin.