Question

In: Operations Management

1.Question 1 The first principle of Lean is to specify value. Who determines value? 1 point...

1.Question 1

The first principle of Lean is to specify value. Who determines value?

1 point

Shareholders

Sales

Management

Customers

2.Question 2

What tool can we use to identify all the steps in the value stream?

1 point

Correlation and Regression

Cause and Effect Diagram

Value Stream Mapping

Failure Mode and Effects Analysis

3.Question 3

Flow means that work should move smoothly through the process with minimal stops and starts, and minimal wait times.

1 point

True

False

4.Question 4

What are the four lean goals?

1 point

Improve Quality, Eliminate Waste, Reduce Lead Time, Reduce total costs

Improve Quality, Eliminate Waste, Reduce Lead Time, Cut Costs

Improve Quality, Eliminate Waste, Reduce Cycle time, Reduce total costs

Reduce Inspection, Eliminate Waste, Reduce Lead Time, Reduce Total Costs

5.Question 5

In a Lean system, the focus is on managing Assets.

1 point

True

False

6.Question 6

In a pull system, production is triggered by a customer purchase.

1 point

True

False

7.Question 7

In a lean system, it is important for highly trained leaders to identify and implement the necessary improvements.

1 point

True

False

8.Question 8

In a traditional manufacturing system,95% of the time product is in the manufacturing facility is non-value added.

1 point

True

False

9.Question 9

Lean is more cost effective by immediately cutting expenditures that do not benefit the organization immediately

1 point

True

False

10.Question 10

Efficiency improvements through lean are usually limited to internal measures, and do not have real financial benefits.

1 point

True

False

Solutions

Expert Solution

Q1.

According to the lean philosophy, Value is determined by the customer. Customers could be internal or external. The lean principle calls for eliminating all activities that are not valued by customers.

Correct Answer: Customer

Q2.

Correlation and regression - Used to establish a relationship between 2 variables

Cause and effect diagram - Used to identify root causes

Value stream mapping - Maps all steps in the value stream, identifies value-adding and non-value adding activities

Failure mode effect analysis - Identifies risk in the process and helps create a preventive and initiative plan against risks

Correct Answer: Value stream mapping

Q3.

In lean philosophy, flow referees to movement of material from the first step of production to the last step of production without quickly without any risk to the quality or customer satisfaction. Hence given statement is true.

Correct Answer: True

Q4.

Following are 4 lean goals

1. Quality Improvement

2. Eliminate waste

3. Reduce manufacturing time/ Cycle time

4. Reduce total costs

Hence Correct answer: Improve Quality, Eliminate Waste, Reduce Cycle time, Reduce total costs

Reduction of lead time, cutting costs, or reducing inspections are not the goals of lean philosophy.

Hence other options are wrong.

However adopting lean philosophy will lead to reduced lead times, lower costs, and reduced need of inspections.


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