How should lean production be modified to gain best result

Assignment Help Management Theories
Reference no: EM13920147

Reduction of inventory without consideration to current operations has been criticized and some finance and accounting departments make inventory and purchasing decisions without really understanding operations. Should lean production be eliminated?

If not, how should lean production be modified to gain the best result?

What would be the results of the inventory waste elimination efforts of lean if quality levels were not high?

Reference no: EM13920147

Questions Cloud

Distributed with a population standard deviation : The heights were recorded for a Simple Random Sample of 270 freshmen. The mean of this sample was 66.5 inches. The heights are known to be Normally Distributed with a population standard deviation of 5.1 inches. Round answers to one decimal place...
About simple interest present value : Ramon needs $25,000 at the end of 6 months for a down payment on a new house. What amount should he deposit today in an account paying 3.6% simple interest in order to reach his goal? Find the amount Jose should deposit today in order to have $5,000 ..
Developing a strategy for dealing with all risks : After review of the potential threats and attacks report, the CIO requests that I develop a follow-up plan developing a strategy for dealing with all risks (i.e., risk mitigation, risk assignment, risk acceptance, or risk avoidance).
What amount of interest expense will be recorded : On January 1, 2015, Lyle's Limeade issues 5%, 15-year bonds with a face amount of $85,000 for $76,670, priced to yield 6%. Interest is paid semiannually. What amount of interest expense will be recorded in the December 31, 2015, annual income stateme..
How should lean production be modified to gain best result : Reduction of inventory without consideration to current operations has been criticized and some finance and accounting departments make inventory and purchasing decisions without really understanding operations. Should lean production be eliminate..
Service-oriented architecture : Services are software that are distinct units of business functionality residing on different parts of a network and can be combined and reused to create business applications (Pearlson & Saunders, pg. 384).
Which is directly lead to unambiguous increase in capability : Which of the following directly leads to an unambiguous increase in the capability index (Cp) of a process (choose all that apply)?
Formulate the null and the alternative hypothesis : Improving the productivity of chickens. Farmers have discovered that more domestic chickens peck at objects placed in their environment, the healthier and more productive the chickens seem to be. White string has been found to be a particularly at..
What is the arithmetic return for the stock : A stock had returns of 20 percent, 12 percent, 14 percent, -10 percent, 16 percent, and 5 percent over the last six years. Required: What is the arithmetic return for the stock? What is the geometric return for the stock?

Reviews

Write a Review

Management Theories Questions & Answers

  Vigorously denounce the practice of brand extensions

The DebateSome critics vigorously denounce the practice of brand extensions (whether they are related to product line or category extensions) as they believe that by employing such a strategy organizations can lose focus and consumers can become conf..

  The chief executive officer of a local hospital

The Chief Executive Officer of a local hospital

  Ensure effective meeting management

Define the necessary steps leaders should take to ensure effective meeting management for successful teams. Be sure to describe how a team leader can function as a coach and as a facilitator. Your response should be at least 200 words in length. You ..

  Write a memo the ceo of your selected organization

Write a 350- to 700-word memo to the CEO of your selected organization in which you discuss your findings from your ratio calculations and your horizontal and vertical analysis.

  Organizational planning and change

part 1: Outline covering entire paper and include: Include thesis statement at least 3 levels Utilize phrases or sentences

  Describe the basic steps in conducting a wage

Describe the basic steps in conducting a wage and salary survey. What are some factors to consider?

  Question 1 a anyone who has bought an airline ticket will

question 1 a. anyone who has bought an airline ticket will know it is possible to pay anyone of a large number of

  Wishes to know to what extent she is bound by her promises

Walter paid Zara £300 and took one of the kittens. Two weeks later he complained to Zara that the kitten was in the habit of chewing the furniture. Zara said 'Never mind, he will grow out of it.' When Walter took the kitten to the vet to see if the h..

  The key components of a merger

Write a three page paper with regard to the key components of a merger and acquisition strategy as well as the key principles needed to complete a merger and acquisition.

  What is payoff in studying different management perspectives

What's the payoff in studying different management perspectives, both yesterday's and today's? How can the idea of the universality of management benefit you in your current job or position

  Measure or improve its sustainability performance

Are any of your customers putting pressure on your organization to measure or improve its sustainability performance? If so, what potential responses (including possible Sweet Spot strategies) should you be considering?

  Identify the publics in the bp and queensland floods

Identify the publics in the BP and Queensland floods case studies and segment and Prioritise the Publics - what different approaches were adopted by the leaders in the two cases?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd