Discuss the two viewpoints pertaining to lean manufacturing.
What will be an ideal response?
There are two viewpoints pertaining to lean manufacturing.
The first view is a philosophical view of waste reduction. This view asserts that anything in the process that does not add value for the customer should be eliminated. Given this view, quality problems cause scrap and rework and are wasteful. Also, although excess stock may be visible on the surface, many other wasteful practices lie in wait beneath the surface. It takes attention to detail and study to reduce these problems.
The second view of lean is a systems view stating it is a group of techniques or systems focused on optimizing quality processes. An example of this view is the lean production system refined by the Toyota Motor Company and spread to the rest of the world.
The philosophical and systems views can be combined to define a lean system as a productive system whose focus is on optimizing processes through the philosophy of waste reduction.
You might also like to view...
A measure of the total supply of money in the economy is referred to as
A. monetary aggregate. B. liquidity total. C. the velocity of money. D. inside money.
Which of the following is one of the ways that Berkowitz Piano Company can expand its product line?
A) a product mix strategy B) a filling-out strategy C) societal marketing D) internal marketing E) line mixing
Product X sells for $20 per unit and has variable costs of $10 per unit. If the fixed costs amount to $45,000, the breakeven point will be:
A) 4,500 units. B) 1,500 units. C) 2,250 units. D) 6,225 units.
The parol evidence rule applies to partially written agreements
a. True b. False Indicate whether the statement is true or false