Two types of benefit by implementing lean approach

Assignment Help Operation Management
Reference no: EM131486060

What are the two types of benefit by implementing a lean approach? How does the break-even point change after implementing a lean approach? And which of the following rules is consistent with the principle of a lean system?

A. Any action that does not generate value must ultimately be regarded as waste and be eliminated

B. Maintain high inventory level

C. Make production based on demand forecast

D. Prevention of defects through the use of Kanbans

Reference no: EM131486060

Questions Cloud

Staff become more culturally competent : Read the case story about how a Nurse Manager helps her staff become more culturally competent
Cost analysis of a falls-prevention program : A problem we have in the hospitals are the high number of falls resulting in injury because of short staffing.
Calculate her debt payments-to-income ratio : Madeline Rollins is trying to decide whether she can afford a loan she needs in order to go to chiropractic school. Right now Madeline is living at home.
Why is important to build database of client sources : Why is important to build database of client sources? Why is it important to develop professional relationships? When is it not appropriate to contact a person.
Two types of benefit by implementing lean approach : What are the two types of benefit by implementing a lean approach? How does the break-even point change after implementing a lean approach?
Possibility of forming international joint venture : Blaine and Solera are discussing the possibility of forming international joint venture. Solera is very optimistic about future revenues.
How waiting time is affected by variability and utilization : The following two scenarios describe how the waiting time is affected by variability and utilization
What was the cash advance fee : Sidney took a $200 cash advance by using checks linked to her credit card account. The bank charges a 2 percent cash advance fee on the amount borrowed.
What is the amount invested by the company : What is the amount invested by the company in net assets for the current year? How much was the total equity for the current year

Reviews

Write a Review

Operation Management Questions & Answers

  Did you at any point feel uncomfortable or defensive

Did you at any point feel uncomfortable or defensive? Why/why not? Which communication tools work well for you and which do not? How will you communicate differently in the future with your peers?

  Poor performance or poor adjustment in the local environment

An autocratic style of management would be best received in which of the following situations? The problem KLM encountered in the Netherlands centered around the issue of ________.  According to research by Black and Mendenhall, up to ________ of exp..

  Create comprehensive list of stakeholders groups

A University recently implemented a new online Student Evaluation of Instructor (SEI) for managing student evaluations. For this system. Create a comprehensive list of stakeholders groups. Briefly describe each stakeholder group along with their expe..

  Using the dummy variable approach forecast sales

Using the dummy variable approach, forecast sales for January through December of the fourth year.

  Modern businesses in terms of time to market

Reflect on the readings for this module as well as those from previous modules when you consider this module's discussion question. In your response, take into account the time constraints on modern businesses in terms of time to market and demand..

  Findings by preparing a strategy-evaluation report

Summarize your research findings by preparing a strategy-evaluation report for your instructor. Include in your report a summary of PepsiCo’s strategies and performance in 2010 and a summary of your conclusions regarding the effectiveness of PepsiCo’..

  Repetitive negative comments about the quality of the food

As the manager of a fast-food restaurant, determine when guest comments would be not be helpful to improve service or product quality. In the event of repetitive negative comments about the quality of the food, recommend one “quick fix” method of rem..

  How inter-organizational and intra-organizational systems

Explain how the inter-organizational and intra-organizational systems play a role in reducing the cycle and lead time?

  Production requirements for each umbrellas

Vinyl R Us" makes two sizes of umbrellas . the production requirements for each umbrellas are given below. large Compact Available Aluminum 10 8 12,000 grams Handles 1 1 4,000 handles Fabri 30 15 30,0000 Sq/feet The Profit for the large umbrellas is ..

  Political risk in global marketing encompasses risk of loss

The political risk in global marketing encompasses the risk of loss caused by changes in foreign country’s tax laws, tariffs, expropriation of assets or other restrictions. International marketing concept comprises all activities intended to satisfy ..

  Identify one responsible marketing

Identify one responsible marketing and communication management activity of an Internal Medical office. explain the seven principles of effective communication to check how the campaign could increase its effectiveness.

  Authority to change individual companies with dumping

People love finding a bargain on their favorite items while shopping. But few people would likely want those items made in the home market (which would create jobs) if it meant paying a higher price for them. Do you agree with this settlement? The WT..

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