ISOM 351 FULL SOLUTION BUNDLED
ASSESSMENT QUESTIONS AND CORRECT
ANSWERS
●● In a lean system, large inventories are not considered a type of waste,
because they prevent operator wait times.
Answer: False
●● Lean systems try to:
Answer: maximize the value added by of each of its activities.
●● The just-in-time (JIT) system is an:
Answer: integrated 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?
Answer: Transportation
●● Continuous improvement with lean systems:
Answer: entails systematically stressing the system and focusing on
problem areas.
, ●● Companies using lean systems generally have:
Answer: suppliers that are located nearby to decrease delivery lead time.
●● Lean systems maintain inventory in small lot sizes because small lot
sizes:
Answer: enable schedules to use machine capacities more efficiently.
●● The goal of single-digit setups is to have a setup time:
Answer: of 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?
Answer: uniform assembly schedules
●● Inventories should always be kept a high level except where there is
a risk of product obsolescence.
Answer: False
●● The EOQ is the order quantity for which the annual holding cost
equals the annual ordering cost.
Answer: True
ASSESSMENT QUESTIONS AND CORRECT
ANSWERS
●● In a lean system, large inventories are not considered a type of waste,
because they prevent operator wait times.
Answer: False
●● Lean systems try to:
Answer: maximize the value added by of each of its activities.
●● The just-in-time (JIT) system is an:
Answer: integrated 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?
Answer: Transportation
●● Continuous improvement with lean systems:
Answer: entails systematically stressing the system and focusing on
problem areas.
, ●● Companies using lean systems generally have:
Answer: suppliers that are located nearby to decrease delivery lead time.
●● Lean systems maintain inventory in small lot sizes because small lot
sizes:
Answer: enable schedules to use machine capacities more efficiently.
●● The goal of single-digit setups is to have a setup time:
Answer: of 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?
Answer: uniform assembly schedules
●● Inventories should always be kept a high level except where there is
a risk of product obsolescence.
Answer: False
●● The EOQ is the order quantity for which the annual holding cost
equals the annual ordering cost.
Answer: True
