
Just in Time Production Concepts
Flashcard
•
Business
•
Professional Development
•
Practice Problem
•
Hard
Sai Sivakumar
FREE Resource
Student preview

5 questions
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1.
FLASHCARD QUESTION
Front
What is the main concept of 'Just in Time'?
Back
A production strategy that strives to improve a business's return on investment by reducing in-process inventory and associated carrying costs.
2.
FLASHCARD QUESTION
Front
What are the two types of production strategies mentioned?
Back
Push Production and Pull Production.
3.
FLASHCARD QUESTION
Front
What is the primary goal of Lean Manufacturing?
Back
To maximize customer value while minimizing waste.
4.
FLASHCARD QUESTION
Front
How does 'Kanban' help in production?
Back
It is a scheduling system that helps determine what to produce, when to produce it, and how much to produce.
5.
FLASHCARD QUESTION
Front
What is the role of 'Total Quality Management' in production?
Back
It is a management approach to long-term success through customer satisfaction, focusing on continuous improvement of processes.
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