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- Which TPS term decribes waste? Muda Andon Jidoka KaizenKarim rents storage space to college students who go home for the summer but do not want to haul all of their property home and back. The business is profitable during the summer months, but when the storage space is unoccupied in the off-season, Karim loses money. Which of the following characteristics of service is most likely the source of his problem? * 019 O Intangibility O Variability Perishability InseparabilityTPM is the integration of preventive and predictive maintenance to avoid emergency maintenance Select one: True False
- What is lean thinking and its advantagesToyota’s history goes back to 1897 when Sakichi Toyoda (Sakichi) diversified into the handloom machinery business from his family’s traditional business of carpentry. He founded Toyoda Automatic Loom Works (TALW) in 1926 for manufacturing automatic looms. Sakichi invented a loom that stopped automatically when any of the threads snapped. This concept of designing equipment to stop so that defects could be fixed immediately formed the basis of the Toyota Production System (TPS) that went on to become a major factor in the company’s success. In 1933, Sakichi established an automobile department within TALW and the first passenger car prototype was developed in 1935. Sakichi’s son Kiichiro Toyoda (Kiichiro) convinced him to enter the automobile business. After this, the production of Model AA began and Toyota Motor Corporation was established in 1937. Kiichiro visited the Ford Motor Company in Detroit to study the US automotive industry. He saw that an average US worker’s production was…Vacuum cooling results uniform cooling. True or false?
- Only Qno1 solve complete solutions not extra guidelines answers okkthe variable cost will be constant regardless the number of units produced true falseEOQ and LEAN ACCOUNTING In-Class Illustration #1 XYZ, Inc. expects to sell 180,000 units of its product next year. The cost to purchase a unit is $44.00. The selling price is $80.00 per unit; sales commission is 10%. The clerical cost to place an order totals $15.00. The purchasing manager draws a salary of $60,000.00 per year. Obsolescence insurance costs $5.00 per unit per year for the weighted average number of units on hand. When units are acquired, the transportation fee is $50.00 per shipment, plus $1.00 per unit. The firm's cost of capital is 12%. Annual depreciation on the warehouse building amounts to $15,000.00. XYZ's demand for its product is uniform throughout the year and the supplier takes two days to deliver when an order is placed. Required: A. Determine the optimal number of units the firm should order each time it places an order. B. Based on 'A' above, what are the total relevant ordering and carrying costs the firm should expect to incur during the next year?
- Is it feasible that lean management ignores some of the factors that contribute to the success of an organization? In the event that this is the case, what are the unintended consequences of these behaviors, which may have the impact of diminishing rather than enhancing the efficiency of the organization?What do lean manufacturers demand from their vendors? a. high-quality materials b. low-cost materials c. on-time deliveries d. all of these choicesIn a lean system, work-in-process inventory is Question 34 options: eliminated entirely. reduced to reveal production problems, which can then be addressed. increased to prevent work stoppages due to production problems and smooth overall production. ignored because it has little effect on the availability of finished goods inventory.