To Successfully Transition from Mass Manufacturing to Lean Manufacturing,a Company

question 13

Multiple Choice

To successfully transition from mass manufacturing to lean manufacturing,a company should:

• A)Upgrade its information technology
• B)Adapt its human resource management practices
• C)Reduce the number of its suppliers
• D)Hire external consultants

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Definitions:

Optimize Shopper Convenience

Designing retail and online shopping experiences to be as easy, efficient, and enjoyable as possible for the consumer.

Operational Efficiency

The ability of an organization to reduce waste and maximize output from its resources without sacrificing quality.

Supply Chain

The network of all the individuals, organizations, resources, activities, and technology involved in the creation and sale of a product, from the delivery of source materials from the supplier to the manufacturer, and ultimately to the consumer.

Slotting Allowances

Fees paid by manufacturers or vendors to retailers in order to have their products placed in more favorable shelf locations or to gain inclusion in a store assortment.