What is the difference between the "push" and "pull" methods of material flow? Which method does lean systems use?
What will be an ideal response?
With the pull method, customer demand (an order) activates the production of the goods or services. The production system does not anticipate the need for more product until indicated by a customer order. The push method begins with a production schedule and customer demand is assumed (or hoped for). Lean system processes use the pull method of production.
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A(n) ________ is a special product-oriented arrangement of machines and personnel in what is ordinarily a process-oriented facility
Fill in the blanks with correct word
Transfer of title to personal property by ________ involves transfer of title to specified existing goods for a consideration
a. sale b. gift c. confusion d. descent
The manufacturer of a brand of kitchen knives is investigating the likely effects that an increase in the cost of the raw materials required to make these knives will have on the cost of manufacturing the knives,
the selling price of the knives, the number of knives that will then be sold, and the project's net present value (NPV). Which of the following best describes what type of analysis the manager is performing? A) scenario analysis B) sensitivity analysis C) break-even analysis D) EBIT-break even analysis
Which of the following BEST describes an extranet?
A) A software and hardware system that prevents outsiders from accessing a company's network B) A tool that searches Web pages containing the user's search terms and then displays pages that match C) A private network of internal Web sites and other sources of information available to a company's employees D) An Internet connection allowing outsiders limited access to a firm's internal information system E) A delivery system linked to production schedules