In a Manufacturing Company,the "Just-In-Time" Concept of Inventory Management Is

question 12

Multiple Choice

In a manufacturing company,the "just-in-time" concept of inventory management is best illustrated by:

• A)Receiving deliveries of materials from suppliers just before the materials are used in the production process.
• B)Completing the manufacturing process just before the deadline established by the customer.
• C)An automated factory that reduces production time below that of other companies in the industry.
• D)Selling finished products before they go out of style.

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Definitions:

High-Performance Work Systems

A set of management practices that attempt to create an environment where the employee has greater involvement and responsibility.

Recession

A period of significant decline in economic activity across the economy, lasting longer than a few months.

Evidence-Based HR

Collecting and using data to show that human resource practices have a positive influence on the company's bottom line or key stakeholders.

Disciplinary Action

Measures taken by an organization in response to employees who have violated policies or expectations.