The Inventory Management System Which Represents the Continuous Goal of Eliminating

question 73

Short Answer

The inventory management system which represents the continuous goal of eliminating waste is called the __________ inventory management.
or

---

Definitions:

Supply Chain

The system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.

Product Design

The process of creating a new product to be sold by a business to its customers, focusing on specifications, aesthetics, and usability.

Planning

The process of setting goals, developing strategies, and outlining tasks and schedules to achieve the goals.

Product/Service Quality

The measure of excellence or state of being free from defects, deficiencies, and significant variations, assessed by comparing a product or service to established standards.