Lean Management Practices

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Questions and Answers

What is the main problem Phil's company, I.E.V., is facing?

Inadequate technological resources

Ineffective marketing strategy

Lack of employee engagement

Poor cash flow due to low inventory movement and high cost of goods sold (correct)

What is the correct sequence of knowing in Lean Thinking?

Know WHY before knowing where (correct)

Know WHO before knowing what

Know WHEN before knowing how

Know WHAT before knowing why

What is the primary focus of Lean Thinking?

Developing new products

Eliminating waste and continuously improving processes (correct)

Increasing sales

Expanding market reach

What are the 7 Wastes identified in Lean Thinking?

Defects, Over Production, Waiting, Non-Utilized Talent, Transportation, Inventory, Motion Signup and view all the answers

What does IEV stand for in the context of the book?

Industrial Engineering Ventures Signup and view all the answers

How is Takt time calculated?

Available production time divided by customer demand Signup and view all the answers

What is the difference between Takt time and Cycle time?

Takt time is the time to produce one unit, while Cycle time is the time between units Signup and view all the answers

What is the primary goal of Lean Thinking?

To eliminate waste and maximize value Signup and view all the answers

What is the primary purpose of takt time in Lean practices?

To determine output required Signup and view all the answers

What is the main objective of standardized work in Lean practices?

To ensure consistency and continuous improvement Signup and view all the answers

What is the correct sequence of the 5S methodology?

Sort, Set in order, Shine, Standardize, Sustain Signup and view all the answers

What is the focus of the Kaizen approach?

Continuous improvement and change for the better Signup and view all the answers

What does the acronym SMED stand for?

Single Minute Exchange of Die Signup and view all the answers

What is the purpose of a Kanban system?

To manage and improve work across human systems Signup and view all the answers

Which Lean principle involves stopping a process automatically if there are irregularities?

Jidoka Signup and view all the answers

What do the 6 M's represent in Lean practices?

Money, Materials, Methods, Management, Machines, Manpower Signup and view all the answers

Study Notes

Lean Practices

I.E.V. stands for Integrated Efficiency Ventures.
Phil's company, I.E.V., is facing a main problem of poor cash flow due to low inventory movement and high cost of goods sold.

Starting a Lean Journey

Three guidelines for starting a Lean journey are: Know WHY before knowing where, Follow the money, and Visualize the future.

Lean Thinking

Lean Thinking emphasizes the importance of eliminating waste and continuously improving processes.
The 7 Wastes identified in Lean Thinking are: Defects, Over Production, Waiting, Non-Utilized Talent, Transportation, Inventory, and Motion.

Lean Calculations

Takt time is calculated by dividing available production time by customer demand.
Takt time determines the output required, while Cycle time determines capacity.

Standardized Work

The primary goal of standardized work in Lean practices is to ensure consistency and continuous improvement.

5S Methodology

The 5S methodology includes the following elements: Sort, Set in order, Shine, Standardize, and Sustain.

Kaizen Approach

The focus of the Kaizen approach is continuous improvement and change for the better.

SMED and Kanban

SMED stands for Single Minute Exchange of Die.
The purpose of a Kanban system is to manage and improve work across human systems.

Lean Principles

Jidoka is the Lean principle that involves stopping a process automatically if there are irregularities.
The "lake and rocks" analogy is used to illustrate the benefits of reducing inventory to expose problems.
The causes of variation are known as the 6 M's: Man, Machine, Material, Method, Mother Nature, and Measurement.

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Description

This quiz covers the basics of Lean practices, including the importance of eliminating waste and continuously improving processes. Learn about the guidelines for starting a Lean journey and the challenges of poor cash flow.