BUAD 341 Exam 2 Study Guide with Complete Solutions 100% Verified

BUAD 341 Exam 2 Study Guide with Complete Solutions 100% Verified Ford offered no variation - Correct Answers General Motors came in and stole the market from ford because they offered variation Father of TPS - Correct Answers Taichi Ohno cashier serves 1 customer per minute, 10 people in line excluding you, how long are you going to wait - Correct Answers 10 minutes lean production - Correct Answers set of integrated activities designed to 1. achieve high volume production 2. minimize waste 7 types of waste (TIMWOOD) - Correct Answers -Transportation -Inventory -Motion -Waiting -Overproduction -Overprocessing -Defects inventory hides _______ - Correct Answers problems JIT - Correct Answers making only what is needed when it is needed -process of continuous problem solving TPS - Correct Answers employee learning and continuing effort to create and produce products under ideal conditions -best for assembly lines lean operations - Correct Answers eliminates waste through continuous improvement and focus on exactly what the customer wants