Match the following items with their respective explanations: Enterprise Resource Planning, Just in Time, Internet of Things, Six Sigma. Explanations: Integrated software to manage... Match the following items with their respective explanations: Enterprise Resource Planning, Just in Time, Internet of Things, Six Sigma. Explanations: Integrated software to manage business processes, Inventory management system minimizing waste, Network of connected devices for real-time data exchange, Methodology for process improvement and defect reduction
Understand the Problem
The question requires matching terms related to business management and technology with their descriptions. It tests understanding of concepts like Enterprise Resource Planning, Just in Time, Internet of Things, and Six Sigma.
Answer
The matches are: ERP - Integrated software; JIT - Inventory management system minimizing waste; IoT - Network of connected devices; Six Sigma - Methodology for process improvement.
Here's the match of the items with their explanations:
- Enterprise Resource Planning (ERP): Integrated software to manage business processes.
- Just in Time (JIT): Inventory management system minimizing waste.
- Internet of Things (IoT): Network of connected devices for real-time data exchange.
- Six Sigma: Methodology for process improvement and defect reduction.
Answer for screen readers
Here's the match of the items with their explanations:
- Enterprise Resource Planning (ERP): Integrated software to manage business processes.
- Just in Time (JIT): Inventory management system minimizing waste.
- Internet of Things (IoT): Network of connected devices for real-time data exchange.
- Six Sigma: Methodology for process improvement and defect reduction.
More Information
This matching exercise covers key concepts in business and operations management, highlighting how different systems and methodologies contribute to efficiency, data utilization, and process improvement within an organization.
Tips
A common mistake is confusing Just in Time (JIT) with other inventory management techniques. JIT is specifically focused on minimizing waste by receiving materials only when needed for the production process, reducing storage costs and waste.
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