MBA 745- Module 3
fully solved & updated
False - answer (T/F) Most restaurants only have one value stream.
Push (aka Speculative) - answer 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:
Value Stream - answer All activities required to bring an idea from
concept to implementation are known as a:
True - answer (T/F) Make to order is an example of pull fulfillment.
False - answer (T/F) Every product or service is unique and should
be identified as a value stream. The typical organization will have
thousands of value streams.
Assemble to Order - answer If customers give you orders and expect
you to ship in 7 days, then your order fulfillment approach should
be:
Materials To Finished Goods - answer A common value stream which
will start outside your organization, at your suppliers is:
Design to Order - answer Building a new sports stadium will most
likely use an order fulfillment strategy known as:
, True - answer (T/F) Concept to product launch is a big cross-
functional value stream which is important for most organizations.
Make to Stock - answer You walk into a restaurant and see that they
have built a few hamburgers, just before lunchtime, in anticipation
of a large crowd arriving soon.
They are using an order fulfillment approach known as:
value stream mapping - answer is one of the most powerful tools
from the lean toolbox.
Value Stream - answer all activities (value add, business value add,
and non-value add) required to meet a customer or stakeholder
request.
Value Stream Map - answer a visual representation of activities and
flows of information, materials, and services required to accomplish
specific objectives.
Value Stream Mapping - answer 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.
Team Based (with the people who do the work)
Systematic Approach (with simple steps everyone understands)
Current State (identify the waste)
Future State (paint a vision with less waste) - answer In terms of
value stream mapping, the key aspects we need to explore further
include:
current state map - answer needs to be at the level of detail which
identifies the waste. This often means finding crazy stuff no one
realizes is happening.
fully solved & updated
False - answer (T/F) Most restaurants only have one value stream.
Push (aka Speculative) - answer 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:
Value Stream - answer All activities required to bring an idea from
concept to implementation are known as a:
True - answer (T/F) Make to order is an example of pull fulfillment.
False - answer (T/F) Every product or service is unique and should
be identified as a value stream. The typical organization will have
thousands of value streams.
Assemble to Order - answer If customers give you orders and expect
you to ship in 7 days, then your order fulfillment approach should
be:
Materials To Finished Goods - answer A common value stream which
will start outside your organization, at your suppliers is:
Design to Order - answer Building a new sports stadium will most
likely use an order fulfillment strategy known as:
, True - answer (T/F) Concept to product launch is a big cross-
functional value stream which is important for most organizations.
Make to Stock - answer You walk into a restaurant and see that they
have built a few hamburgers, just before lunchtime, in anticipation
of a large crowd arriving soon.
They are using an order fulfillment approach known as:
value stream mapping - answer is one of the most powerful tools
from the lean toolbox.
Value Stream - answer all activities (value add, business value add,
and non-value add) required to meet a customer or stakeholder
request.
Value Stream Map - answer a visual representation of activities and
flows of information, materials, and services required to accomplish
specific objectives.
Value Stream Mapping - answer 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.
Team Based (with the people who do the work)
Systematic Approach (with simple steps everyone understands)
Current State (identify the waste)
Future State (paint a vision with less waste) - answer In terms of
value stream mapping, the key aspects we need to explore further
include:
current state map - answer needs to be at the level of detail which
identifies the waste. This often means finding crazy stuff no one
realizes is happening.
