Question
JIT (Just-in-Time) and Lean Management.
Answer :
Word Count : 157
| Basis | JIT (Just-in-Time) | Lean Management |
|---|---|---|
| Definition | Inventory management strategy that aims to receive goods only when needed, minimizing inventory and reducing waste. | Management philosophy focused on eliminating all types of waste, improving efficiency, and adding value throughout processes. |
| Scope | Narrow; mainly applied to inventory and production scheduling. | Broad; applied to all business processes, including procurement, production, distribution, and customer service. |
| Goal | Minimize stock holding and avoid overproduction. | Maximize _____ _________ _______ ___ __________ _______ __________ _______ ____ _______. ___ ___ ___ ________ ____ ____. __________ ________ ________ ________ ________ _______ ________. _______ __________ ______ ___ __________. _____ ______ _________ _________ _________ ___ ________ ________ __________ __________ ______. ___ __________ ________ _________ ____ _____. _________ _______ _______ ________ ______ _________ __________ ______ _______ _______ ________ _______. ________ ________ ________ ________ ___ _______ ___ ____ _____. _____ ___ ___ _____ _____ ________ _____ _____ __________ _____. ______ ______ _________ ____ __________ ___ __________ __________ __________ ______ _________. _________ ____ _____ ___ __________ __________ __________ _____ ___ ___ __________ _________. ____. IGNOU ACADEMY Your IGNOU journey, made easier.
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