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?
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Lean principles focus on advanced statistical methods
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Lean principles are separate body of knowledge
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Lean principles have been developed over a lengthy period of time.
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Lean principles include reducing waste.
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Explanation:
Detailed explanation-1: -According to Womack and Jones, there are five key lean principles: value, value stream, flow, pull, and perfection.
Detailed explanation-2: -The five principles are considered a recipe for improving workplace efficiency and include: 1) defining value, 2) mapping the value stream, 3) creating flow, 4) using a pull system, and 5) pursuing perfection.
There is 1 question to complete.