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OPS571T Week 3 – Apply: Week 3 Assignment
According to the theory of constraints, which of the following is a financial measurement that can be used to measure the firm’s ability to make money?
Imagine comparing a manufacturing operation using regular lot-sizing and the same operation with a kanban/lean production approach. What would be your expectations of the difference between the total cost (i.e., inventory holding costs + setup/ordering costs) of each?
“Quality at the source” requires factory workers to become their own inspectors.
A kaizen burst is an overfilled kanban container.
Goldratt’s “theory of constraints” is useful only in manufacturing settings.
According to the theory of constraints, which of the following is an operational measurement that can be used to measure the firm’s ability to make money?
JIT requires a stable production level. When compared to synchronous manufacturing, this is viewed as a negative aspect of JIT.
You have been called in as a consultant to set up a Kanban control system. The first thing to do is to determine the number of Kanban card sets needed. Your research shows that the expected demand during lead time for a particular component is 150 per hour. You estimate the safety stock should be set at 25 percent of the demand during lead time. The tote trays used as containers can hold 8 units of stock, and the lead time it takes to replenish an order is 2 hours. Which of the following is the number of Kanban card sets necessary to support this situation. You found that the number of Kanbancards needed is 47. Your client now tells you that they miscalculated the demand and the true demand is 300 per hour. All other things remain the same. What is the most appropriate answer from the choices below?
Henry Ford used JIT concepts as he streamlined his moving assembly lines to make automobiles in the early 1900s.
To implement a flow process in developing a lean system a firm might do which of the following?
The “dollar days” inventory measurement may be used to focus management’s attention on where inventory is located.
Which of the following is a “focusing step” of Dr. Eli Goldratt’s theory of constraints?
In the textbook, Toyota’s Fujio Cho identified which of the following types of waste to be eliminated?
In the textbook, Toyota’s Fujio Cho identified which of the following types of waste to be eliminated?
A kanban control system uses a signaling device to regulate JIT flows.
Subcontractor networks are not very important in Japanese manufacturing.
According to the theory of constraints, the term “productivity” is defined as all those actions that bring a company closer to its goals.
Group technology cells help to eliminate movement and queue (waiting) time between operations.
Which of the following statements holds true for kanban production control systems?
One of the aims of value stream mapping to eliminate waste in a process.
A principle of value stream mapping is to concentrate on speeding up value-added operations.
A kaizen burst is a symbol on a value stream map.
Lean production replaced JIT in the 1990s because JIT did not address the problem of reducing waste.
In the textbook, Toyota’s Fujio Cho identified which of the following types of waste to be eliminated?
Which of the following is one of Dr. Eli Goldratt’s rules of production scheduling for optimized production technology?