Simplification Means Reducing the Number of Standard Items a Firm

question 51

True/False

Simplification means reducing the number of standard items a firm uses in its product design and carries in its inventory.

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Definitions:

Time And Motion Studies

The analysis of work processes to increase efficiency by reducing wasted time and motion.

Interchangeable Parts

Components that are, for practical purposes, identical. They are made to specifications that ensure they are so nearly identical that they will fit into any device of the same type.

Operations Management

The aspect of management dedicated to the design, administration, and supervision of the manufacturing process, along with the modification of business operations in the generation of products or services.

Nineteenth Century

The Nineteenth Century is the period from 1801 to 1900, characterized by significant industrial, cultural, and political changes worldwide.