Which of the Following Lean Tools Would a Warehouse Team

question 66

Multiple Choice

Which of the following lean tools would a warehouse team use to document, analyze, and improve the flow of information and materials to customers?

• A) Lean six sigma
• B) Kaizen
• C) Value stream mapping
• D) Five S methodology

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Definitions:

Relative Change

The measure of how much a variable changes in proportion to a reference amount.

Elastic

Elastic refers to the responsiveness of the quantity demanded or supplied of a good or service to a change in its price.

Price Elasticity

Price elasticity refers to the responsiveness of the quantity demanded or supplied of a good or service to a change in its price.

Demand Schedule

A chart displaying the amounts of a product or service that buyers are ready and capable of purchasing at different price levels.