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Is a technique for reducing inventories to a minimum by arranging for production components to be delivered to the production facility only when it is about to be used? Flexible manufacturing

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Answer:

Flexible manufacturing is a technique for reducing inventories to a minimum by arranging for production components to be delivered to the production facility only when it is about to be used.

Explanation:

  • The inventories that stay loaded with the material then become unusable for long periods of time until the material gets used up for production.
  • The technique of flexible manufacturing can be used to keep the inventories manageable and have room left for crucial operations at any given time.
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