MBA 745 || 100% Errorless.
Value Stream correct answers All activities (value add, business value add, and non-value add)
required to meet a customer or stakeholder request.
Value Stream Map correct answers a visual representation of activities and flows of information,
materials, and services required to accomplish specific objectives
Value Stream Mapping correct answers a team based systematic approach to create value stream
maps which identify waste in the current state or paint the vision of a future state with less waste.
What are the seven types of waste? correct answers 1. Motion
2. Over-production
3. Movement
4. Inventory
5. Poor processing
6. Waiting
7. Defects
Value Stream Management consist of: correct answers 1. Ownership by someone responsible for
the performance.
2. Clearly define boundaries and interfaces with other internal and external value streams
3. Material, products, services, information, and cash flows with standard work for all activities.
4. Performance measurements are built in and drive continuous improvement
Do reporting relationships need to change to give the value stream manager, the authority
required to implement the future state? correct answers Depends.
(Revisit in a year of lean transformation)
Downstream Flows correct answers - Materials, products and services - flow downstream
- --> Supplier's Supplier, Supplier, operations, distribution, retailer, customer
Upstream Flow correct answers The movement of payment (and other things, like information,
returns, etc.) from the customer toward intermediaries and the original source in a supply chain.
both directions correct answers Information
Make to Stock (MTS) correct answers finished goods that are held in inventory in advance of
customer orders
Assemble to Order (ATO) or
Finish to Order correct answers Product or Service is assembled after receipt of a customer's
order
Made to Order (MTO) correct answers Products or service is made after receipt of a customer's
order.
, Design or Engineer to Order correct answers Customer requirements require creation of
specifications, or sourcing of unique materials.
Digital Fulfillment correct answers Product or service is delivered digitally over the internet.
Push Process correct answers Process initiated by forecasting demand, speculative. Plan level of
activity (production, shipments)
Pull Process correct answers Process initiated in response to an order, reactive. Plan level of
inventory and capacity
True or False:
Most restaurants only have one value stream correct answers False
Your organization uses an order fulfillment approach which relies on forecasts to position
product in anticipation of customer orders. This is an order fulfillment approach known as:
correct answers push or speculative
A common value stream which will start outside your organization, at your suppliers is: correct
answers materials to finished goods
True or False:
Concept to product launch is a big cross-functional value stream which is important for most
organizations. correct answers True
All activities required to bring an idea from concept to implementation are known as a: correct
answers Value Stream
True or False:
Every product or service is unique and should be identified as a value stream. The typical
organization will have thousands of value streams. correct answers False
True or False:
Make to order is an example of pull fullfilment correct answers True
Building a new sports stadium will most likely use an order fulfillment strategy known as:
correct answers Design to Order
Given the following:
Design - 45 days
Source - 45 days
Value Stream correct answers All activities (value add, business value add, and non-value add)
required to meet a customer or stakeholder request.
Value Stream Map correct answers a visual representation of activities and flows of information,
materials, and services required to accomplish specific objectives
Value Stream Mapping correct answers a team based systematic approach to create value stream
maps which identify waste in the current state or paint the vision of a future state with less waste.
What are the seven types of waste? correct answers 1. Motion
2. Over-production
3. Movement
4. Inventory
5. Poor processing
6. Waiting
7. Defects
Value Stream Management consist of: correct answers 1. Ownership by someone responsible for
the performance.
2. Clearly define boundaries and interfaces with other internal and external value streams
3. Material, products, services, information, and cash flows with standard work for all activities.
4. Performance measurements are built in and drive continuous improvement
Do reporting relationships need to change to give the value stream manager, the authority
required to implement the future state? correct answers Depends.
(Revisit in a year of lean transformation)
Downstream Flows correct answers - Materials, products and services - flow downstream
- --> Supplier's Supplier, Supplier, operations, distribution, retailer, customer
Upstream Flow correct answers The movement of payment (and other things, like information,
returns, etc.) from the customer toward intermediaries and the original source in a supply chain.
both directions correct answers Information
Make to Stock (MTS) correct answers finished goods that are held in inventory in advance of
customer orders
Assemble to Order (ATO) or
Finish to Order correct answers Product or Service is assembled after receipt of a customer's
order
Made to Order (MTO) correct answers Products or service is made after receipt of a customer's
order.
, Design or Engineer to Order correct answers Customer requirements require creation of
specifications, or sourcing of unique materials.
Digital Fulfillment correct answers Product or service is delivered digitally over the internet.
Push Process correct answers Process initiated by forecasting demand, speculative. Plan level of
activity (production, shipments)
Pull Process correct answers Process initiated in response to an order, reactive. Plan level of
inventory and capacity
True or False:
Most restaurants only have one value stream correct answers False
Your organization uses an order fulfillment approach which relies on forecasts to position
product in anticipation of customer orders. This is an order fulfillment approach known as:
correct answers push or speculative
A common value stream which will start outside your organization, at your suppliers is: correct
answers materials to finished goods
True or False:
Concept to product launch is a big cross-functional value stream which is important for most
organizations. correct answers True
All activities required to bring an idea from concept to implementation are known as a: correct
answers Value Stream
True or False:
Every product or service is unique and should be identified as a value stream. The typical
organization will have thousands of value streams. correct answers False
True or False:
Make to order is an example of pull fullfilment correct answers True
Building a new sports stadium will most likely use an order fulfillment strategy known as:
correct answers Design to Order
Given the following:
Design - 45 days
Source - 45 days
