“Lean Thinking” Can Help Reduce Total Cost of Ownership (TCO)

question 5

Multiple Choice

“Lean Thinking” can help reduce total cost of ownership (TCO) , this means the supply team in the entire “chain” must work to:

• A)lower conversion cost
• B)reduce cycle time cost
• C)reduce risk cost
• D)reduce non-value costs
• E) reduce processing costs

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Definitions:

Syncretism

The creative blending of indigenous and foreign beliefs and practices into new cultural forms.

Indigenous

Peoples who are the original inhabitants of a region and have distinct cultural, social, and historical ties to their territory.