What enables companies to make customized products with high quality for less money?

Advanced manufacturing is the correct answer because it refers to the use of innovative technologies and practices to improve production capabilities. This approach allows for the integration of automated processes, advanced machinery, and sophisticated design software, enabling companies to produce customized products efficiently while maintaining high quality and reducing costs.

By leveraging technology like robotics, computer-aided design (CAD), and additive manufacturing, businesses can streamline their production processes, reduce waste, and meet specific customer demands more effectively. This not only leads to enhanced product quality but also supports cost-effectiveness through increased efficiency and reduced time-to-market.

Lean manufacturing, while closely related, focuses primarily on minimizing waste and optimizing processes rather than specifically on customization and advanced technology. Just-In-Time production is about inventory management and reducing excess inventory, and quality control pertains to maintaining standards of quality in production rather than enhancing customization. Thus, advanced manufacturing most directly correlates with the ability to create customized, high-quality products at lower costs.