The System in Which Materials Arrive as Close as Feasible

question 33

Multiple Choice

The system in which materials arrive as close as feasible to when they are needed in the production process is referred to as:

• A) deming's 85-15 rule.
• B) just-in-time inventory.
• C) computer-assisted manufacturing.
• D) total quality improvement.

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Definitions:

Range

The difference between the highest and lowest values in a data set.

Coefficient of Variation

A normalized measure of dispersion of a probability distribution, calculated as the ratio of the standard deviation to the mean, usually expressed as a percentage.

Variability

The extent to which data points in a dataset differ from each other and from the mean of the dataset.

Standard Deviation

The statistical measurement that calculates the spread or dispersion of a dataset relative to its mean, providing insight into the concentration of data points.