15. Operational strategies: Lean production

Question 1

Lean production

Answer 1

The adoption of techniques that help to reduce waste.

Question 2

Just-In-Time (JIT)

Answer 2

A lean production technique which aims to minimise stock holdings.

Question 3

Kaizen

Answer 3

A lean production technique which aims to improve efficiency by making small but frequent improvements, also known as continual improvement.

Question 4

Time-based management

Answer 4

Managing resources effectively to ensure products are fit for market in the shortest possible time.

Question 5

Critical path analysis (CPA)

Answer 5

A technique for planning complex projects to allow them to be completed in the shortest possible time by identifying activities that can be carried out simultaneously.

Question 6

Critical path network

Answer 6

A visual representation of the sequencing and timings of all the activities involved in completed a complex project.

Question 7

Earliest start time (EST)

Answer 7

The earliest time an activity can start in a project based upon the completion of a preceding activity.

Question 8

Latest finish time (LFT)

Answer 8

The latest time an activity must be completed by to avoid any delay to the project.

Question 9

Critical path

Answer 9

The route which outlines those activities that cannot be delayed, if the project is to be completed on time.

Question 10

Critical activities.

Answer 10

Those activities with zero float time.

Question 11

Float time

Answer 11

The amount of time by which a non-critical activity could be delayed without having an effect on the whole project.

Question 12

Non - critical activities

Answer 12

Those activities with float time.