Jit and lean production - Study guides, Class notes & Summaries

1. Define 6 sigma. 2. What is 6 sigma in terms of a percentage? 3. What is 6 sigma per million? 1. A statistical representation for what experts call a perfect process. 2. 99.99966% 3. 3.4 defects per million What is the formula for calculating six sigma? ((# of opportunities - # of defects)/# of opportunities)) x 100 Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:00 Full screen Who developed the normal curve? ...

Capacity planning - correct answer establishing the overall level of resources needed to meet customer demand Critical path - correct answer in a PERT network diagram, the sequence of operations that requires the longest time to complete Customized production - correct answer the creation of a unique good or service for each customer Inventory - correct answer goods and materials kept in stock for production or sale Inventory control - correct answer determining the right quantities ...

What is the process around the interface between the customer demand creation and supply creation of form, time, and place value to fulfill that demand? - ANSWER Order Cycle The difference between the customer's desired order cycle time and the total supply chain order cycle time is known as a.) order cycle time b.) logistics lead time c.) customer delivery cycle d.) lead time gap - ANSWER d.) lead time gap What is the total elapsed time from when the customer first recognizes need to ...

WGU C720 OA LATEST EXAM 2023-2024 REAL EXAM A new, energy-efficient furnace is being installed in a steel factory. Because it would have added 10% to the cost of the furnace, management has decided not to install the optional safety override for the furnace. This decision is most likely to lead to which of the following? - ANSWER- An increase in legal costs Refers to the organizational issue of balancing financial profitability with environmental responsibility - ANSWER- sustai...

Lean/JIT Ans: Less waste, lean manufacturing, removal of waste for production gains improving efficiency to beat competition key principles: value/value stream mapping/pull/reflection make to stock (push) make to order(pull) sources of waste: 7 0s 0 defects 0 lot sizes 0 setups 0 breakdowns 0 excess handling 0 lead times 0 surging 5 steps of JIT/Lean Ans: 1. identify the drivers to create value 2. identify value stream 3. make the activities flow 4. let the customer pull product...

MGMT 325 Test 2 | Questions with 100% Correct Answers _____ occurs when an enterprising individual pursues a lucrative opportunity. A. Bootlegging B. Franchising C. Intrapreneurship D. Entrepreneurship E. Business incubation According to many entrepreneurs and observers, when creating a new business, one should start with: A. strategic positioning. B. social capital. C. great ideas. D. domain selection. E. social responsibility. With which of the following models does a site pay commissions to...

WGU C215 Operations Management, Complete Solution 3D Printing 3D Printing is three-dimensional printing technology that deposits materials like plastics and metals in thick layers one atop the other with the process gradually building up one layer at a time until the object is produced. A broad view of JIT A philosophy that encompasses the entire organization. lean production/lean systems ABC classification A method for determining level of control and frequency of review of inventory i...

MSSC Final Practice Test QUESTIONS AND VERIFIED ANSWERS LATEST UPDATE 2023 Communication is a process by which we assign and convey meaning in an attempt to create __________. - ANSWER Shared understanding Lean manufacturing is a method of eliminating waste. What is the purpose of eliminating waste? - ANSWER Reduce both cost and lead time while increasing quality In communication, to avoid making assumptions is a special responsibility of the __________. - ANSWER Receiver JIT red...

JIT and Lean Production

Operations in the service and manufacturing sectors operate independently from each other in creating a value chain that ultimately brings products to customers. False. The service sector depends on the manufacturing sector in many ways and their value chain is tightly linked. Service providers do not produce products because they are not part of the manufacturing sector False. The final output for both producers of goods and producers of services represent a good or service, both of wh...