Question

In: Operations Management

1.Question 1 What are the 5 Principles of Lean? 1 point Specify value, Identify all steps...

1.Question 1

What are the 5 Principles of Lean?

1 point

Specify value, Identify all steps in the value stream, flow, pull, and eliminate waste

Specify value, improve quality, eliminate waste, flow and pull.

Specify value, identify all steps in the value stream, flow, pull, and Pursue Perfection

Specify value, Identify all steps in the value stream, reduce total costs, flow and pull

2.Question 2

In a Lean System, when demand is low, you produce less.

1 point

True

False

3.Question 3

A Lean approach can help you to build inventory.

1 point

True

False

4.Question 4

While a traditional manufacturing system builds to forecast, a Lean system does not use forecasts.

1 point

True

False

5.Question 5

Hoshin planning is a tool for aligning the entire organization with its strategy.

1 point

True

False

6.Question 6

JIT (Just in Time) can be used independent of Lean implementation

1 point

True

False

7.Question 7

In a traditional manufacturing system, forecasts trigger factory orders which drive production.

1 point

True

False

8.Question 8

Pursue perfection is an unrealistic principle and should not be taken literally.

1 point

True

False

9.Question 9

Lean can shorten lead times because set-up times are short, and processes are predictable.

1 point

True

False

10.Question 10

The purpose of TPM (Total Productive Maintenance) is to eliminate unplanned downtime.

1 point

True

False

Solutions

Expert Solution

1.

Correct Answer:

C

As per the mentioned quality management technique, the five principles, are value to be created, value streams, flow, pull system and making perfection in the operations. So, correct answer is alternative C.

===

2.

Correct Answer:

True

It happens as a part of cost reduction strategy and waste is also eliminated.

===

3.

Correct Answer:

False

Lean approach helps to eliminate waste and building inventory can also create a type of waste. So, the given statement is false.

===

4.

Correct Answer:

True

Lean system relies on customers' orders. So, JIT approach is used in Lean and forecasting is avoided.

===

5.

Correct Answer:

True

With the help of Hoshing planning tool, oragnizationals goals are alighed at different functions, process and departments of the organization so that all sub-parts of the organization become strategically aligned with each other.

===

6.

Correct Answer:

True

JIT is more oriented towards inventory management, but Lean system is for the whole organization to create value.

===

Pl. repost other unanswered questions for their proper answers.


Related Solutions

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...
2. What are the 5 lean principles? Explain each one in terms of a manufacturing facility...
2. What are the 5 lean principles? Explain each one in terms of a manufacturing facility (Toyota, Ford, etc.).
Identify 2-3 principles or elements of lean manufacturing and discuss how they are or could be...
Identify 2-3 principles or elements of lean manufacturing and discuss how they are or could be applied in a specific organization. You may select any type of organization, including service-providers.
Questions: Question-1: Identify key international trade and finance principles in the case. Question-2: What are the...
Questions: Question-1: Identify key international trade and finance principles in the case. Question-2: What are the financial instruments used to facilitate foreign trade? Question-3: What are the typical foreign trade transactions involved in the case? Financing the foreign trade: the case of an India textile exporter Namita Rajput, Rohit Bhagat and Saachi Bhutani Bhagat Namita Rajput is Associate Professor at University of Delhi, New Delhi, India. Rohit Bhagat is Manager at Yes Bank Ltd, New Delhi, India. Saachi Bhutani Bhagat...
Question #5 A. [1 point] Is Ampere’s valid for all closed paths surrounding current carrying conductor?...
Question #5 A. [1 point] Is Ampere’s valid for all closed paths surrounding current carrying conductor? If not, why? B. [4 points] Two identical semicircular arcs have radii ?1 = 7.8 ?? and ?2 = 5.8 ?? carry current ? = 0.281 ? and share the same center of curvature, C. (a) What are the magnitude and direction of net magnetic field at C? (b) If the direction of the current is reversed, what effect does it have on the...
For all of these questions don't use the p value method instead use the "5 steps...
For all of these questions don't use the p value method instead use the "5 steps of hypothesis testing." Or I will get all of these wrong and I really need the help!! 4) 18.3% of incoming freshmen indicate they will major in business or a related field. A random sample of 350 incoming college freshmen were asked their preference and 65 replied they were considering business as a major. Estimate the true proportion of freshman business majors with 98%...
Question 5 (1 point) Match the term with the definition. Question 5 options: 123456 The difference...
Question 5 (1 point) Match the term with the definition. Question 5 options: 123456 The difference between the time a vehicle that merges into a main traffic stream reaches a point on the highway in the area of merge and the time a vehicle in the main stream reaches the same point. 123456 The difference, at an instant of time, between the distance a merging vehicle is away from a reference point in the area of merge and the distance...
Principles of Engineering Economy 1. If I considered the value of all alternatives in the present,...
Principles of Engineering Economy 1. If I considered the value of all alternatives in the present, which of the seven basic principles would I be applying? 2. Which principle is applied when one chooses dollars for alternative comparison? 3. The concept of feedback is embodied in which principle?
answer all 5 please as this is in steps. 1. Fill in the Blanks A corporation...
answer all 5 please as this is in steps. 1. Fill in the Blanks A corporation has 10,000 bonds outstanding with a 6% annual coupon rate, 8 years to maturity, a $1,000 face value, and a $1,100 market price. MV of debt is The company’s 100,000 shares of preferred stock pay a $3 annual dividend, and sell for $30 per share. Market value of preferred shares is The company’s 500,000 shares of common stock sell for $25 per share and...
What are the general principles of DFA? What are the steps to minimize the number of...
What are the general principles of DFA? What are the steps to minimize the number of parts for an assembly?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT