______________ Focuses on the Continuous Reduction of the Manufacturing Costs

question 23

Short Answer

______________ focuses on the continuous reduction of the manufacturing costs of existing products and processes.

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Definitions:

Inventory Management

The practice of ordering, storing, tracking, and controlling inventory to ensure the right quantity of products is in the right place at the right time.

Need-satisfaction

A sales approach focusing on identifying and meeting the specific needs of a client or customer, thereby creating value and fostering positive relationships.

Need-utilization

The process of identifying and making use of customers' requirements to effectively sell a product or service.

Need-perception

The process by which individuals recognize and understand their own needs or the needs of others.