“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:

Muscle Cramps

Sudden, involuntary contractions of one or more muscles often causing intense pain.

Evolutionary Advantage

A genetic trait that improves an organism's ability to survive and reproduce in its environment, thereby increasing its chances of passing on its genes to the next generation.

Fructose-1,6-bisphosphate

A key sugar substrate in the glycolytic pathway, which provides energy to cells by breaking down glucose.

Glycolysis

The metabolic pathway that breaks down glucose to pyruvate, generating energy in the form of ATP and NADH, and is the first step in cellular respiration.