ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following statements is true of LEAN supply?
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Lean supply focuses on advanced statistical methods
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Lean supply focuses on quick reaction to changes in demand
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Lean supply focuses on reducing waste
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All of the above
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Explanation:
Detailed explanation-1: -Answer» D. lean principles include reducing waste.
Detailed explanation-2: -Heijunka takes the total volume of orders in a period and levels them out so the same amount and mix are being made each day. It means Production leveling/smoothing. It is a technique to reduce waste that occurs due to fluctuating customer demand.
Detailed explanation-3: -A pull system is a Lean technique for reducing waste in production processes. Applying a pull system allows you to start new work only when there is a demand for it. This allows you to minimize overhead and optimize storage costs.
There is 1 question to complete.