Which One of the Following Statements Is True Concerning Lean

question 33

Multiple Choice

Which one of the following statements is true concerning Lean Six Sigma?

• A)Lean principles focus on advanced statistical methods.
• B)Lean principles have been developed over a sixty year plus period of time.
• C)Lean principles include the 5Ss framework and practices.
• D)Six Sigma and lean principles are not related -they are separate bodies of knowledge.

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Definitions:

Sourcing Processes

The methods and procedures used by businesses to identify, evaluate, and contract with suppliers of goods and services.

Supplier Performance Analysis

A method used to assess and measure the effectiveness and efficiency of a supplier's performance in terms of quality, delivery, and cost.

Portfolio of Suppliers

The diverse group of vendors and suppliers that a company utilizes to procure goods and services necessary for its operations.

Replenishment Lot Size

The quantity of stock ordered to replenish inventory, balancing order costs with storage costs.