what are the 5 principles of lean correct answers 1. specify value
2. identify value streams
3. create flow
4. leverage pull
5. seek perfection
what are the three types of value correct answers 1. value add
2. business value add
3. non value add
what type of value is activities which ar...
MBA 745 Module 1 || with Complete Solutions.
what are the 5 principles of lean correct answers 1. specify value
2. identify value streams
3. create flow
4. leverage pull
5. seek perfection
what are the three types of value correct answers 1. value add
2. business value add
3. non value add
what type of value is activities which are necessary for meeting customer requirements correct
answers value add
what type of value is activities which are necessary for meeting other stakeholder requirements
correct answers business value add
what type of value is activities not valued by stakeholders correct answers non value add
what are the 7 classic types of waste correct answers 1. defects
2. movement
3. inventory
4. poor processing
5. waiting
6. over production
7. motion
what are the two types of waste gaining acceptance as lean evolves correct answers 1.
underutilized employee capabilities
2. environmental waste
what is an act or instance of using or expending something carelessly, extravagantly, or to no
purpose correct answers waste
what are the 7 problem solving tools used to eliminate waste correct answers 1. value stream
mapping
2. standard work
3. mistake proofing
4. changeover reduction
5. root cause analysis
6. visual controls
7. the 5S system
what term means continuous improvement correct answers kaizen
, what term means lightning fast correct answers blitz
what term means lightning fast continuous improvement correct answers kaizen blitz
creating the vision of a sustainable organization & defining a lean transformation program as a
strategic initiative are two key responsibilities for who correct answers a leadership team
what term defines the systematic elimination of unsustainable practices correct answers lean and
green
what is the unnecessary or excessive use of resources or a substance released to the air, water, or
land which could harm human health or the environment correct answers environmental waste
what is the most powerful tool for improving value streams correct answers stream mapping
what is the term for moving along in a steady continuous stream correct answers flow
when you don't have flow, you can still leverage pull (T/F) correct answers false
what is the goal for a lean transformation correct answers create a sustainable organization
you work on an assembly line making telephones - what type of value is this correct answers
value add
creating a marketing campaign for the launch of a new service is an example of what type of
value correct answers business value add
you are the project manager for the lean transformation of your organization - what type of value
is this correct answers business value add
you second guess the forecast provided by an optimistic sales person is what type of value
correct answers non value add
you move product into a warehouse so it can sit and wait for a customer to place an order is what
type of value correct answers non value add
what is the formula for a value add ration correct answers VA to (VA+BVA+NVA)
what is the formula for value add percentage correct answers VA / (VA+BVA+NVA)
what gives you a greater indicator of where you might start looking for improvement
opportunities correct answers a value add ratio/percentage
what type of activities is where waste is found correct answers non value add activities
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