In each of the following, name the term defined or answer the question. Answers are listed at the bottom.1. Anything that does not add value from the customer’s perspective.2. An integrated set of activities designed to achieve production using minimal inventories of raw materials, work-in-process, and finished goods.3. The Toyota Production System is founded on these two philosophies.4. The set of value- and non–value-adding activities required to design, order, and provide a product from concept to launch, order to delivery, and raw materials to customers.5. The Japanese philosophy that focuses on continuous improvement.6. A philosophy in which similar parts are brought together in families for production purposes.
In each of the following, name the term defined or answer the question. Answers are listed at the bottom.1. Anything that does not add value from the customer’s perspective.2. An integrated set of activities designed to achieve production using minimal inventories of raw materials, work-in-process, and finished goods.3. The Toyota Production System is founded on these two philosophies.4. The set of value- and non–value-adding activities required to design, order, and provide a product from concept to launch, order to delivery, and raw materials to customers.5. The Japanese philosophy that focuses on continuous improvement.6. A philosophy in which similar parts are brought together in families for production purposes.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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In each of the following, name the term defined or answer the question. Answers are listed at the bottom.
1. Anything that does not add value from the customer’s perspective.
2. An integrated set of activities designed to achieve production using minimal inventories of raw materials, work-in-process, and finished goods.
3. The Toyota Production System is founded on these two philosophies.
4. The set of value- and non–value-adding activities required to design, order, and provide a product from concept to launch, order to delivery, and raw materials to customers.
5. The Japanese philosophy that focuses on continuous improvement.
6. A philosophy in which similar parts are brought together in families for production purposes.
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