Which One of the Following Is a System for Managing

question 23

Multiple Choice

Which one of the following is a system for managing demand-dependent inventories that minimises the amount of inventory on hand?

• A)kanban
• B)keiretsu
• C)just-in-time inventory system
• D)material requirement planning
• E)inventory flow log

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Definitions:

Managerial Firefighting

The act of managers constantly dealing with crises and urgent problems rather than focusing on long-term planning and preventive measures.

Concurrent Control

A management method that involves monitoring and adjusting ongoing activities and processes to meet desired standards in real-time.

TQM Principle

Total Quality Management principles focus on long-term success through customer satisfaction, involving all members of an organization in improving processes, products, and services.

Do it Right

A principle emphasizing the importance of performing tasks correctly and efficiently to achieve desired outcomes.