How do lean and Six Sigma differ and how has Lean Six Sigma combined the two concepts?
What will be an ideal response?
A successful answer will note that lean is focused on the reduction of inventory levels and the reduction of batch sizes and setup times. Six Sigma is focused on process monitoring and improvement. Lean Six Sigma links the two concepts by pursuing quality to lead to reductions in waste.
You might also like to view...
A problem has an economically feasible solution if it can be solved with existing software and hardware technology
Indicate whether the statement is true or false
Sample control is the ability of the survey mode to reach the units specified in the sample effectively and efficiently
Indicate whether the statement is true or false
Documents of title include:
A. certificates of deposit. B. conditional sales contracts. C. stock and bonds. D. dock warrants and dock receipts.
Consider the following five companies and their situations.• Company A is an established online fantasy sports gaming company that has been accused of game-rigging, bribes and kickbacks.• Company B, a ride share company, has delayed its planned initial public offering due to reports of having an inhospitable workplace characterized by sexual harassment and discrimination.• Company C, a pharmaceutical manufacturer, charges higher prices for life-saving drugs in some countries than it charges in others.• Company D, a manufacturer and marketer of high-end consumer electronics, has a strict Code of Conduct that requires its suppliers to comply with several standards regarding safe working conditions, fair treatment of workers, and environmentally safe manufacturing.• Company E, a
pizza delivery business, is a being boycotted by customers and losing sponsored tie-ins with professional sports due to racist comments by its founder and CEO.Which of the above companies is distinguished by an ethical strategy as opposed to an unethical or flawed strategy? A. Company A B. Company B C. Company C D. Company D E. Company E