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(a) ABC Analysis (b) JIT Approach (c) Kanban (d) Kaizen (e) Economic Order Quantity.
(c)
Kanban is a subsystem of the JIT approach involving a simple parts movement system that depends on cards and containers to pull parts from one work center to another. (a) ABC analysis is a technique of inventory management, in which the inventory is distributed based on price and usage of the inventory. (b) A JIT is an approach to inventory control that emphasizes having materials arrive just as they are needed in the production process. (d) Kaizen is a Japanese term implying continuous improvement. (e) EOQ is an inventory control method developed to minimize ordering and holding costs, while avoiding stock out costs.
The answer is : Option ( C )
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