Lean Manufacturing Benefits of Better Quality, Reduced Lead Times, Inventory

question 129

Multiple Choice

Lean manufacturing benefits of better quality, reduced lead times, inventory reductions, and reduced setup times result in

• A) lower manufacturing costs.
• B) increased production rates.
• C) reductions in innovative capabilities.
• D) both a and b.

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Definitions:

Benefit Costs

The expenses incurred by an organization in providing benefits such as health insurance, retirement plans, and leave entitlements to its employees.

The Cobra Effect

Unintended negative consequences resulting from attempts to solve a problem, often exacerbating the original issue.

Benefits Programs

Structured packages offered by employers to employees, which may include health insurance, retirement plans, and other perks to enhance job satisfaction and loyalty.

Employee Satisfaction

The level of contentment and positive feeling that an employee has toward their job, work environment, and the company, which can impact productivity and retention.