Discuss the principles underlying the lean manufacturing approach.

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Pull Processing. Products are pulled from the consumer end (demand), not pushed from the production end (supply). Perfect Quality. Success of the pull processing model requires zero defects in raw material, work in process, and finished goods inventory. Waste Minimization. All activities that do not add value and maximize the use of scarce resources must be eliminated. Waste involves financial, human, inventory, and fixed assets. Inventory Reduction. The hallmark of lean manufacturing firms is their success in inventory reduction. Such firms often experience annual inventory turnovers of 100 times per year. Production Flexibility. Long machine setup procedures cause delays in production and encourage overproduction. Lean companies strive to reduce setup time to a minimum, which allows them to produce a greater diversity of products quickly, without sacrificing efficiency at lower volumes of production. Established Supplier Relations. A lean manufacturing firm must have established and cooperative relationships with vendors. Late deliveries, defective raw materials, or incorrect orders will shut down production immediately since this production model allows no inventory reserves to draw upon. Team Attitude. Lean manufacturing relies heavily on the team attitude of all employees involved in the process. Each employee must be vigilant of problems that threaten the continuous flow operation of the production line.

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A) If a case is reversed, the appellate court holds a new trial. B) If a case is remanded, a new trial is conducted in a lower court. C) The lower court's decision is said to have been affirmed if the remedy granted is changed by the appellate court. D) The lower court's decision is said to have been modified if the appellate court hears oral arguments from the attorneys.

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A person who is ________ is most likely to seek a permanent visa from the host nation

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ASEAN was formed by which nations in 1967?

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In Year 1, West Virginia Mining Co. purchased a coal mine that contained an estimated 1,200,000 tons of coal, of which 1,000,000 tons can be profitably extracted, for a cash price of $58,500,000. The company mined 50,000 tons of coal in Year 1.Required: a) What is the amount of depletion to be recorded per ton of coal?b) What is the amount of depletion expense for Year 1?

What will be an ideal response?

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