Question

JIT is a critical part of a more comprehensive approach referred to as

Option 1: Activity-Based Costing (ABC)
Option 2: Total Quality Management (TQM)
Option 3: Just-In-Time (JIT)
Option 4: Economic Order Quantity (EOQ)

Answer 1

Just-In-Time (JIT) is a critical part of Total Quality Management (TQM), which focuses on eliminating waste and improving efficiency. JIT involves receiving materials just in time for production, reducing inventory storage and minimizing the risk of defects.

Step-by-step explanation:

Just-In-Time (JIT) is a critical part of a more comprehensive approach referred to as Total Quality Management (TQM). TQM focuses on eliminating waste and improving efficiency in the production process by implementing JIT principles. JIT involves receiving materials or components just in time for production, reducing the need for inventory storage and minimizing the risk of defects or obsolescence.