Which of the following statements about Just-in-time (JIT) and flexible production are false?Flexible production allows for complex products like the iPhone to be produced from rawmaterials in one industrial complex.Flexible production methods result in fewer models of a given product (cars, smartphones, etc.) than traditional manufacturing.Flexible production is designed to allow producers to shift quickly and easily betweendifferent levels of output.✓ Just-in-time production was pioneered by Henry Ford.

A flexible manufacturing system - is a system that is capable of rapidly and proficiently adapting…

Answered: Which of the following statements about…

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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Which of the following statements about Just-in-time (JIT) and flexible production are true? Flexible production is designed to allow producers to shift quickly and easily between different levels of output. Flexible production allows for complex products like the iPhone to be produced from raw materials in one industrial complex. Just-in-time production was pioneered by Henry Ford. Flexible production methods result in fewer models of a given product (cars, smart phones, etc.) than traditional manufacturing.
Rick Wing has a repetitive manufacturing plantproducing automobile steering wheels. Use the following datato prepare for a reduced lot size. The firm uses a work year of305 days. a) What is the setup cost, based on the desired lot size?b) What is the setup time, based on $40 per hour setup labor?
A philosophy that aggressively seeks to eliminate causes of production defects.
Which of the following industry types have high expected benefits from the application of MRP? A. Fabricate to order B. Hospitals C. Assemble to order D. Refineries
In the past, most consumer goods were made by individual craftsmen and were produced only when an order was placed. This is referred to as: 1) Mass production. O 2) Make-to-order. 3) JIT (just-in-time) manufacturing. 4) Mass customization.
Suppose a final assembly is produced by assembling two components. THE The first component, A, is produced internally and goes through three process steps, which are stamping, forging and machining, with scrap estimates of 10%, 15% and 25%, respectively. For every three produced units of component A, two are used in the final assembly and one is separate to meet spare parts needs. The second component, B, which is used exclusively in final assembly, is purchased from a supplier external and inspected on arrival; 2% do not pass inspection. A unit of the component purchased is required for each final assembly. The final assembly process produces 5% of scraps. Spare parts demands for component A and final Su assembly match to 1,000 and 5,000 units, respectively. How many input units are needed for produce component A, and how many units of component B should the firm buy?
What is value chain management best defined as? Management decisions that affect how quickly the production run occurs. The incremental value of costs associated with hiring a new production floor leader. A large chain that keeps the machines from falling on the production floor. All activities associated with providing a product or service.
Find the missing information for different companies Output (units) Fixed Costs Variable Costs Total Costs Cost per unit Company A 4000 70000 50000 ? ? Company B 5000 80000 ? 140000 ? Company C 8000 30000 130000 ? ? Company D ? ? 80000 100000 20
Assume that Product Z is made of two units of A and four units of B. A is made of three units of C and four of D. D is made of two units of E. B is made of three units of E. If 50 units of Z is required to make, then how many units of D do they need? Group of answer choices 250 400 300 150 550
What best depicts the evolution of manufacturing (use 1 for the oldest and 4 for the latest): ✓ Craft production ✓Mass customisation ✓ Mass Production Lean Production A
A manufacturer's average WIP inventory for Part #2934 is 925 parts. The workstation produces parts at the rate of 255 parts per day. Use the Excel template Little's Law to find the average time a part spends in this workstation. Round your answer to two decimal places. days
Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the fo llowing data to prepare for a reduced lot size. The firm uses a work year of 305 days. a) What is the setup cost, based on the desired lot size?b) What is the setup time, based on $40 per hour setup labor?

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