Lean Has a Primary Focus in Evaluating Process to Identify

question 11

True/False

Lean has a primary focus in evaluating process to identify waste and also to note value-added activities.

---

Definitions:

Operating Assets

Assets used in the day-to-day operations of a business, such as machinery, buildings, and equipment, that generate revenue.

Operating Data

Information concerning the day-to-day activities of a business, which can include sales figures, production volumes, and operational costs.

Turnover

The rate at which inventory is sold and replaced or an employee leaves and is replaced in a company.

Operating Assets

Assets used for the operations of a business, such as equipment, inventory, and real estate.