Process Management (B6:M1)

Question 1

what is the main benefit of a just-in-time (JIT) inventory system?

Answer 1

elimination of non value adding operations (storing inventory)

Question 2

what is an appropriate response to bottlenecks?

Answer 2

theory of constraints, which is concerned with maximizing throughput

Question 3

what are the characteristics of total quality management (TQM)?

Answer 3

customer focus, continuous improvement, quality circles

Question 4

what is the main objective of lean manufacturing?

Answer 4

waste reduction

Question 5

what uses analysis of production processes to ensure that resource uses stay within target costs?

Answer 5

Kaizen

Question 6

when a just-in-time purchasing system is adopted by a company, does the number of suppliers usually go up or down?

Answer 6

down. A close relationship is developed with chosen suppliers

Question 7

what are some characteristics of JIT

Answer 7

lot sizes equal to one, insignificant set-up times and costs, and balanced and level workloads