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Quality Management > Quality, Cost and Time > Flashcards

Quality, Cost and Time Flashcards

1
Q

What is the best way to be efficient?

A

Avoiding waste

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2
Q

What is the acronym for measures of efficiency?

A

TIMWOOD

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3
Q

What does TIMWOOD stand for?

A

Transport
Inventory
Movement
Waiting
Overproduction
Overprocessing
Defects

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4
Q

What is lean manufacturing?

A

Different methods and practices to minimize waste

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5
Q

What is meant by value added?

A

Additional features and economic value added to a product/service

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Quality Management (7 decks)

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