A Production Technique in Which Inventory Is Kept to a Minimum

question 16

Short Answer

A production technique in which inventory is kept to a minimum and inputs to the production process arrive exactly when they are needed is called ________.

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Definitions:

Planned Purchases

Buying decisions made after careful consideration and planning, often involving budgeting and research.

Endorsements

Public support or approval of a product, service, or idea, often by a celebrity or authoritative figure.

Fallacious Forms

Incorrect or misleading arguments that contain errors in reasoning, often used to deceive or persuade others.

Strategic Plan

A method by which an organization deploys its resources to realize a goal.