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29. Which of the following is (are) objective(s) of lean manufacturing? a. eliminating waste b. increasing...
In a vertical analysis, the base for cost of goods sold is a. total selling expenses...
In a vertical analysis, the base for cost of goods sold is a. total selling expenses b. sales c. total expenses d. gross profit Which of the following is (are) objective(s) of lean manufacturing? a. eliminating waste b. increasing inventory levels c. increased production speed d. all of the above
Lean management originated as a manufacturing philosophy pioneered by Japanese engineers in the Toyota Production System...
Lean management originated as a manufacturing philosophy pioneered by Japanese engineers in the Toyota Production System with the goal of eliminating "waste." Six sigma was developed at Motorola Corporation in the 1980's (and popularized in large part by General Electric in the 1990's) with the goal of reducing variation in all critical processes in order to achieve continuous and breakthrough improvements that impact the organization's bottom line. Currently, the trend is to integrate lean management and six sigma. Why do...
Reported benefits of lean implementations include all of the following except: Select one: O a. improved...
Reported benefits of lean implementations include all of the following except: Select one: O a. improved product quality O b. reduced capacity requirements for a given level of output O c. larger lot sizes O d. reduced inventory levels O e. reduced manufacturing lead times Complete the following statement correctly. Organizational culture refers to: Select one: O a. an exact or approximate linear relationship between two explanatory behavioral variables. O b. assumptions people make that guide their beliefs, behaviors, and...
Question 28 Which fundamental principle(s) of lean manufacturing results in the suppression of overproduction? a) Kanban...
Question 28 Which fundamental principle(s) of lean manufacturing results in the suppression of overproduction? a) Kanban and Total Available Cycle Time (TACT) b) Kanban and 5S c) Supply chain integration d) Single Minute Exchange of Die (SMED) e) Single Minute Exchange of Die (SMED) and production levelling None of the above g) Rapid changeover and production levelling [1 mark] Question 29 Summarise two (2) benefits of supply chain integration within a lean manufacturing paradigm. 2 marks Question 30 Explain how...
There are 8 types of lean waste. Which of following is not a clear example of...
There are 8 types of lean waste. Which of following is not a clear example of motion waste? Select one: a. The location of the office fax machine is across the hall. Every time you are expecting a fax, you need to pass several offices to get it. b. The process of connecting to the school website takes 8 steps compared to the normal 3 steps. c. The TV remote is kept on top of the TV and not near...
29. Which of the following is the objective of the theory of constraints? a. maximize throughput contribution...
29. Which of the following is the objective of the theory of constraints? a. maximize throughput contribution while maximizing investments and operating costs. b. minimizing throughput contribution while minimizing investments and operating costs. c. minimizing throughput contribution while maximizing investments and operating costs. d. maximize throughput contribution while minimizing investments and operating costs. 30. The use of total quality management and flexible manufacturing practices to reduce setup costs enhances a company's ability to use a. economic order quantity methods. b. just-in-time...
. What is a production constraint? a. The point in the manufacturing process where the demand...
. What is a production constraint? a. The point in the manufacturing process where the demand for the company's products exceeds its ability to produce the products b. A manufacturing strategy used to reduce production cost by eliminating waste of inventory c. A manufacturing strategy that focuses on increasing the influence of constraints on production processes d. The point in the manufacturing process where total variable costs and total fixed costs equals total revenues
QUESTION 21 Lean manufacturing is a business philosophy that focuses on reducing time and cost and...
QUESTION 21 Lean manufacturing is a business philosophy that focuses on reducing time and cost and eliminating poor quality. This is accomplished in manufacturing and nonmanufacturing processes by a combining processing functions into work centers and cross-training workers to perform more than one function b. having workers typically perform one function on a continuous basis c. having production supervisors attempt to enter enough materials into manufacturing to keep all manufacturing departments operating d. moving a product from process to process...
Ic 29. Which of the following happened during Ronald Reagan's term as President (1981 through 1988)?...
Ic 29. Which of the following happened during Ronald Reagan's term as President (1981 through 1988)? A) B) C) D) The federal deficit was greatly reduced. The Gramm-Leach-Bliley Act was passed, eliminating many restrictions on banking. The national debt increased significantly. A and B. 30. Which of the following happened during Bill Clinton's term as President (1993 through 2000)? A) B) C) D) The federal deficit was greatly reduced. The Gramm-Leach-Bliley Act was passed, eliminating many restrictions on banking. The...
1.When applied to service, lean: a. Is a very new idea b. Can be very effective...
1.When applied to service, lean: a. Is a very new idea b. Can be very effective c. Does not use TPS d. All of the above are true e. None of the above are true 2.Because lean is so strict with inventory management: a. A very fast rework process is needed b. Quality needs to be perfect or near perfect coming into production c. Pre-production inspection is essential d. All of the above are true e. Only b and c...
Reported benefits of lean implementations include all of the following except: Select one: O a. improved product quality O b. reduced capacity requirements for a given level of output O c. larger lot sizes O d. reduced inventory levels O e. reduced manufacturing lead times Complete the following statement correctly. Organizational culture refers to: Select one: O a. an exact or approximate linear relationship between two explanatory behavioral variables. O b. assumptions people make that guide their beliefs, behaviors, and...
Question 28 Which fundamental principle(s) of lean manufacturing results in the suppression of overproduction? a) Kanban and Total Available Cycle Time (TACT) b) Kanban and 5S c) Supply chain integration d) Single Minute Exchange of Die (SMED) e) Single Minute Exchange of Die (SMED) and production levelling None of the above g) Rapid changeover and production levelling [1 mark] Question 29 Summarise two (2) benefits of supply chain integration within a lean manufacturing paradigm. 2 marks Question 30 Explain how...
. What is a production constraint? a. The point in the manufacturing process where the demand for the company's products exceeds its ability to produce the products b. A manufacturing strategy used to reduce production cost by eliminating waste of inventory c. A manufacturing strategy that focuses on increasing the influence of constraints on production processes d. The point in the manufacturing process where total variable costs and total fixed costs equals total revenues
QUESTION 21 Lean manufacturing is a business philosophy that focuses on reducing time and cost and eliminating poor quality. This is accomplished in manufacturing and nonmanufacturing processes by a combining processing functions into work centers and cross-training workers to perform more than one function b. having workers typically perform one function on a continuous basis c. having production supervisors attempt to enter enough materials into manufacturing to keep all manufacturing departments operating d. moving a product from process to process...
Ic 29. Which of the following happened during Ronald Reagan's term as President (1981 through 1988)? A) B) C) D) The federal deficit was greatly reduced. The Gramm-Leach-Bliley Act was passed, eliminating many restrictions on banking. The national debt increased significantly. A and B. 30. Which of the following happened during Bill Clinton's term as President (1993 through 2000)? A) B) C) D) The federal deficit was greatly reduced. The Gramm-Leach-Bliley Act was passed, eliminating many restrictions on banking. The...
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