Question
JIT is a :
The correct answer is
type of management approach
To understand the correct answer to the question "JIT is a:", let's analyze each given option:
- System of planning: While JIT might involve some elements of planning, it is not primarily known for being a system of planning. Instead, JIT focuses more on operational efficiency and inventory management.
- Type of management approach: The correct answer. JIT, or "Just-In-Time", is a type of management approach used in manufacturing and operations to increase efficiency. It aims to reduce waste by receiving goods only as they are needed in the production process, reducing inventory costs.
- Type of budget: JIT is not a method of budgeting. Budgets are typically financial plans, whereas JIT refers to inventory and production management.
- Type of performance appraisal: JIT is not related to performance appraisals, which typically deal with evaluating employee performance rather than managing inventory and production processes.
Therefore, the correct option is type of management approach, as JIT is primarily used in manufacturing and production environments to improve process efficiency and reduce waste through precise inventory management. This approach minimizes the costs associated with holding inventory and enhances responsiveness to customer demands. It is widely used in industries like automotive manufacturing, where it was made famous by companies such as Toyota.
Was this answer helpful?
Important Questions from Management as a System
Match the following :
Periods Years 1. Pre Scientific Period (a) from 1950 to present 2. Scientific Management Period (b) 1927-1950 3. Human Relations Period (c) Before 1880 4. Synthesis Period (d) 1880-1927 - Peter Ducker was the first to introduce the concept of:
- Which is not the part of "on the job training" ?
- Match List – I with List – II and select the correct answer by choosing from the codes given below :
List – I List – II a. Symbolizing i. Employee's belief that how successfully they can accomplish the task in future. b. Forethought ii. Employees process visual experiences that guide for their future actions c. Self-regulatory iii. Employees plan their actions anticipating their desired performance level d. Self-reflective iv. Employees actions by setting internal standards for their performance. - Read each of the following two statements – Assertion (A) and Reason (R) and indicate your answer using codes given below :
Assertion (A) : Managers differ across cultures in their interpersonal styles and skills.
Reason (R) : Personal values held by a manager shape his perception of a situation.
Need Expert Advice?
