A Belt rearranged the location of the parts inventory for a rework station locating the most often used parts to be within hand reach of the repair person. This rearrangement resulted in quicker repair times by eliminating one of seven major elements of waste which is the Waste of __________.
A. Motion
B. Conveyance
C. Inventory
D. Waiting
The primary objective in removal of waste is to improve the Order Production Cycle where the time from _________________ to the time of receipt of payment is compressed.
A. Shift start
B. Product development
C. Receipt of an order
D. New fiscal year
What dollar amount of savings would a project show if it reduced your outstanding Accounts Receivable by $0.9 million dollars to $3.5 million total and your organization's marginal cost of capital was 5.7%?
A. $49,250
B. $51,300
C. $117,500
D. $202,424
Handling of warranty returns, process improvement team meetings and rework to meet customer expectations are all examples of business costs that are classified as ___________ .
A. Nuisance
B. Non-value Add
C. Necessary
D. Unavoidable
The Japanese born function of a Kaizen event utilizes a specific, step-by-step approach meant to bring about major changes to a process.
A. True
B. False
Which of these are examples of business metrics or Key Performance Indicators commonly referred to as KPI's?
A. Cycle Time
B. Defects
C. No. of Units Reworked
D. Labor Hours
E. All of these answers are correct
As a means of measuring the effects on other areas of a process as a result of changes in the primary metric we also define and track ________________.
A. Parallel process metrics
B. Secondary metrics
C. Tertiary metrics
D. Industry standards
"A calculated time frame that matches customer demand" is a definition of what Lean Principles term?
A. Value Stream
B. Kaizen event
C. Takt time
D. Kanban
When one speaks of 20% of something contributing 80% of the affect they are referring to what is known as the _________________.
A. Shewhart Example
B. Connection Principle
C. Balance Equation
D. Pareto Principle
Using this data calculate the percentage of DPU. Data: 763 defects, 18,000 units.
A. 2.12
B. 3.42
C. 4.24
D. 5.72
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