Zumbar Ltd is a well-reputed automobile company. The company manufactures vehicles based on the orders it receives through its dealers online. Also in the automated production process, the company uses its supply chain in such a manner that only the parts that are needed to manufacture vehicles are received on time. Thus, the manufacturing and transportation of parts take place simultaneously. This allows the company to minimize its inventory of vehicle parts.
a. Identify the concept being described in the above paragraph.
b. Name and explain its related constituent in brief.