The "14 Points for Management" Were Articulated by ________

question 59

Multiple Choice

The "14 points for management" were articulated by ________.

• A) Philip Crosby
• B) Joseph M. Juran
• C) Genichi Taguchi
• D) W. Edwards Deming
• E) Armand Feigenbaum

---

Definitions:

Inventory Management

The practice of overseeing and controlling the ordering, storage, and use of components or finished goods held in stock.

Inventory Carrying Charge

The total cost associated with holding inventory in stock, including storage, insurance, taxes, depreciation, and opportunity costs.

Order Quantity

The number of units ordered at once from a supplier, balancing between holding costs and ordering costs to achieve optimal inventory levels.

Inventory Policy

Guidelines or rules set by a business to manage and control levels of inventory and order timings.