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Which of the following refers to an operations management philosophy whose objective is to reduce waste and cycle time?
Correct Answer: D
Just-In-Time (JIT) is an operations management philosophy aimed at reducing waste and cycle time. It focuses on producing only what is needed, when it is needed, and in the amount needed, thereby minimizing inventory levels and enhancing efficiency. This approach leads to reduced costs and improved product quality. Reference: Lean manufacturing principles and JIT methodologies.