Increasing Materials Turnover and Reducing Holding Costs Are Key Contributors

question 81

Multiple Choice

Increasing materials turnover and reducing holding costs are key contributors to cost savings achieved by using a

• A)just-in-time inventory strategy.
• B)quantum innovation strategy.
• C)flexible manufacturing strategy.
• D)fixed-position layout.
• E)self-managed team.

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Definitions:

Job Enlargement

The process of increasing the range and variety of tasks assigned to a job to enhance job satisfaction and employee engagement.

Clustering Jobs

The practice of grouping similar or related occupational roles or positions within an organization to improve efficiency and effectiveness.

Natural Groups

Informal groups that form organically based on social interactions, common interests, or shared values among members.

Client Relationships

The dynamic and interaction between a service provider or business and its clients, focusing on building trust, communication, and satisfaction.