Figure 5.3 Shows That

question 21

Multiple Choice

Figure 5.3 shows that

• A) confidence in the press has increased since the 1980s.
• B) confidence in the military has increased since 9/11.
• C) confidence in Congress was at its lowest in 2006.
• D) confidence in medicine is the highest, on average.
• E) all of the above

Identify the key characteristics and goals of Lean operations, JIT, and the Toyota Production System (TPS).

Recognize the benefits and challenges of JIT partnerships with suppliers.

Understand the concept of throughput and its Measurement.

Understand the application and importance of the 5Ss in Lean production.

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Definitions:

Labor Shortage

A situation where the demand for workers exceeds the supply within a particular industry or overall economy.

Revocability

The characteristic of being able to cancel, withdraw, or annul something previously granted or decided.

Outsourcing

The business practice of hiring a party outside a company to perform services or create goods that traditionally were performed in-house.

Core Competency

A set of knowledges and skills that make the organization superior to competitors and create value for customers.