In a Lean System, the Key to Continuous Improvement Is

question 62

True/False

In a lean system, the key to continuous improvement is the understanding that excess capacity or inventory hides problems on the shop floor and thus prevents waste sources from being identified and eliminated.

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Definitions:

Self Ownership

The concept that individuals own themselves and have autonomy over their own actions, choices, and bodies.

High Power Distance

A cultural dimension that describes a society’s acceptance of unequal distribution of power among its members, where hierarchy is emphasized.

Federalism

A political system where power is divided between a central government and various regional governments.

Profit-Sharing Plan

A company program that gives employees a share in the profits based on its quarterly or annual earnings.