(2024) (Verified Answers)
Respect for people - ANSWER-An element of JIT that considers human resources
as an essential part of the philosophy
Setup costs - ANSWER-Costs incurred when setting up production equipment
Simplicity - ANSWER-The simpler a solution the better it is.
Single source suppliers - ANSWER-Suppliers that supply an entire family of parts
to a manufacturer.
Small lot production - ANSWER-The ability to produce small quantities of products
Types of waste - ANSWER-Material, energy, time and space
Uniform plant loading - ANSWER-A constant production plan for a facility with a
given planning horizon.
Visible - ANSWER-Problems must be visible to be identified and solved.
,Waste - ANSWER-Anything that does not add value
Withdrawal Cards - ANSWER-A Kanban card that authorizes withdrawal of material
Automated order entry system - ANSWER-A method using telephone models to
send digital orders to suppliers
Backward integration - ANSWER-Owning or controlling the source of raw
materials and components
Advertising revenue model - ANSWER-Provides users with information on services
and products and provides an opportunity for suppliers to advertise
Affiliate revenue model - ANSWER-Companies receive a referral fee for directing
business to an affiliate
Appraisal cost - ANSWER-The cost associated with uncovering defects
Automated order entry systems - ANSWER-A method using telephone models to
send digital orders to suppliers.
, Backwards integration - ANSWER-Owning or controlling sources of raw materials
and components.
Benchmarking - ANSWER-Studying other companies business practices for
comparison.
Bullwhip effect - ANSWER-Inaccurate or distorted demand information created in
the supply chain.
Business to Business commerce - ANSWER-Businesses buying and selling to other
businesses.
Business to consumer commerce - ANSWER-Businesses selling to individual
consumers.
Cause and effect diagrams - ANSWER-A chart that identifies potential causes of
particular quality problems.
Checklist - ANSWER-A list of common defects and the number of observed
occurrences of each.