Lean Production Replaced JIT in the 1990s Because JIT Did

question 44

True/False

Lean production replaced JIT in the 1990s because JIT did not address the problem of reducing waste.

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Definitions:

Strategic Focus

The prioritization of resources and activities towards the key areas that will achieve the most significant impact on an organization's objectives and competitive advantage.

Customer Profitability

An analysis used to determine the profitability of a firm’s customers by attributing profits and costs to each customer individually.

Customer-Driven Costs

Expenses that arise from tailoring products, services, or experiences to specific customer needs or preferences.

Market Level Cost

Costs associated with producing and delivering goods or services to a specific level of the market or supply chain.