ISOM 351 FINAL EXAM STUDY GUIDE
CORRECT 100%
Kaizen is the Japanese term for continuous improvement. - ANSWERTrue
In a lean system, large inventories are not considered a type of waste, because they
prevent operator wait times. - ANSWERFalse
Lean systems try to: - ANSWERmaximize the value added by of each of its activities.
The just-in-time (JIT) system is an: - ANSWERintegrated system of managing
resources, information, and decision processes to eliminate waste.
Regarding the Eight Types of Waste that must be eliminated to implement lean
systems, excessive movement and material handling of product between processes is
part of which general waste category? - ANSWERTransportation
Continuous improvement with lean systems: - ANSWERentails systematically stressing
the system and focusing on problem areas.
Companies using lean systems generally have: - ANSWERsuppliers that are located
nearby to decrease delivery lead time.
Lean systems maintain inventory in small lot sizes because small lot sizes: -
ANSWERenable schedules to use machine capacities more efficiently.
The goal of single-digit setups is to have a setup time: - ANSWERof less than 10
minutes.
The lean system concept will not work without the proper environment. Which one of the
following characteristics is most common to firms that have successfully implemented a
lean system? - ANSWERuniform assembly schedules
Inventories should always be kept a high level except where there is a risk of product
obsolescence. - ANSWERFalse
The EOQ is the order quantity for which the annual holding cost equals the annual
ordering cost. - ANSWERTrue
Customer service level is the probability of running out of stock in an inventory cycle. -
ANSWERFalse
The probability of stock outs can be decreased by having a high enough safety stock. -
ANSWERTrue
CORRECT 100%
Kaizen is the Japanese term for continuous improvement. - ANSWERTrue
In a lean system, large inventories are not considered a type of waste, because they
prevent operator wait times. - ANSWERFalse
Lean systems try to: - ANSWERmaximize the value added by of each of its activities.
The just-in-time (JIT) system is an: - ANSWERintegrated system of managing
resources, information, and decision processes to eliminate waste.
Regarding the Eight Types of Waste that must be eliminated to implement lean
systems, excessive movement and material handling of product between processes is
part of which general waste category? - ANSWERTransportation
Continuous improvement with lean systems: - ANSWERentails systematically stressing
the system and focusing on problem areas.
Companies using lean systems generally have: - ANSWERsuppliers that are located
nearby to decrease delivery lead time.
Lean systems maintain inventory in small lot sizes because small lot sizes: -
ANSWERenable schedules to use machine capacities more efficiently.
The goal of single-digit setups is to have a setup time: - ANSWERof less than 10
minutes.
The lean system concept will not work without the proper environment. Which one of the
following characteristics is most common to firms that have successfully implemented a
lean system? - ANSWERuniform assembly schedules
Inventories should always be kept a high level except where there is a risk of product
obsolescence. - ANSWERFalse
The EOQ is the order quantity for which the annual holding cost equals the annual
ordering cost. - ANSWERTrue
Customer service level is the probability of running out of stock in an inventory cycle. -
ANSWERFalse
The probability of stock outs can be decreased by having a high enough safety stock. -
ANSWERTrue
