Chapter 3: Q. 14-18OQ (page 369)
What is used to indicate suggested changes in a process that may lead to improvements in a value stream?
Kaizen is used to indicate the changes in a process that may lead to improvements in a value stream.
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Question:Refers to an estimate of the cost of an item that includes all costs related to the procurement and use of an item, including the costs of disposal after its useful life.
What term refers to the way some companies focus on what they do best and outsource other functions to key partners?
A period of time during which the production schedule cannot be changed.
Refer to Example 14.1 as the basis for this problem. Meritor hires a team of consultants. The consultants suggest partial robotic automation as well as an increase in safety stock to 12.5 percent. Meritor implements these suggestions. The result is an increase in efficiency in both the fabrication of muffler assembly and the making of catalytic converters. The muffler assembly fabrication cell now averages 16 assemblies per hour and the lead time has been decreased to two hours’ response time for a batch of 10 catalytic converters. How many kanban cards are now needed?
The chapter presents multiple techniques that service firms can use to make their processes leaner. Which technique is demonstrated by a restaurant that offers special discounts midweek to attract more demand during a traditionally slow period?
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