At Toyota, Factories Rely on Suppliers to Get the Needed

question 56

Multiple Choice

At Toyota, factories rely on suppliers to get the needed raw materials and parts to the factory floor when they are required during the production process.What type of inventory control is Toyota practicing?

• A)Economic order quantity (EOQ)
• B)Enterprise resource planning (ERP)
• C)Materials requirement planning (MRP)
• D)Just-in-time (JIT) inventory

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Definitions:

Sum of Scores

The total value obtained by adding together all scores or values in a data set.

Median

The median is the central number that splits a dataset into two equal parts.

Set of Scores

A set of scores refers to a collection of numerical values obtained from assessments or measurements, typically representing the performance or outcomes of individuals or groups.

25th Percentile

The value below which 25% of the data falls, also known as the first quartile or Q1.