Exam 16: Jit,tps,and Lean Operations

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Who is credited with coining the phrase,"Inventory is evil"?

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Daily usage of a product is 10 in a facility that operates every day of the year.Setup cost is $68 and annualized carrying cost is $100.Daily production of this product is 20.Lead time is 14 days;safety stock is one day's production.What is the optimum kanban size,and number of kanbans?

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The 5Ss:

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What does the Japanese word "kanban" mean?

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Define manufacturing cycle time.

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A bakery uses 5 kanban containers that each hold 5 cakes.If daily demand is 20 cakes and lead time is 1 day determine the safety stock.

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The list of 5Ss,although it looks like a housekeeping directive,supports lean production by:

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Which one of the following is a concern expressed by suppliers in JIT partnerships?

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Because most services cannot be inventoried,there is little place for JIT to help service organizations achieve competitive advantage.

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The number of kanbans decreases as safety stock is increased.

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A bakery uses 5 kanban containers that each holds 3 cakes.Daily demand is 10 cakes and safety stock is 5 cakes.What is the lead time?

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Which of the following is specifically characterized by the elimination of waste through a focus on exactly what the customer wants?

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What is a kanban?

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Which of the following is an illustration of employee empowerment?

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JIT brings about competitive advantage by faster response to the customer regardless of cost.

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Which one of the following is a characteristic of a JIT partnership?

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A scheduler may find that freezing the portion of the schedule closest to the due dates allows the production system to function and the schedule to be met.

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Lead time for computers is 7 days with daily demand of 5 computers and a safety stock of 1 day.Each kanban holds 8 computers.What is the correct number of kanbans?

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Concerning relationships with suppliers,which of the following combinations is critical to the success of JIT?

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Which one of the following statements is TRUE regarding JIT inventory?

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