OTM 300 Exam 1 With Complete Solutions 100% Verified
Latest Update
what drives consumption utility - ANSWER Performance ex: high quality grilled burger
vs frozen patty
Fit ex: vegetarians don't eat meat
three system inhibitors - ANSWER 1. Waste
2. Variability
3. Inflexibility
three key process metrics - ANSWER inventory, flow rate, flow time
types of waste - ANSWER Waste of time of a resource: capacity is wasted because of
idle time, also wasted by performing what we will define as waste and non-value-adding
work
Waste of time of a flow unit: Inventory = Flow rate x Flow time; shorter flow time is
directly proportional to less inventory
taylorism - ANSWER scientific management, encouraged the development of mass
production techniques and the assembly line, led to a revolution in American education
of social science.
two types of work - ANSWER Non-value-added work: movements that do not add value
in the eyes of the customer but must be done under current process conditions to
complete a unit (ex: worker moving between machines)
Value-added work: movements valued by the customer as they are absolutely required
to transform the flow unit into the output the customer wants
toyota's four principles - ANSWER Philosophy: a long term approach that favors quality
and capabilities over short-term financial goals
Latest Update
what drives consumption utility - ANSWER Performance ex: high quality grilled burger
vs frozen patty
Fit ex: vegetarians don't eat meat
three system inhibitors - ANSWER 1. Waste
2. Variability
3. Inflexibility
three key process metrics - ANSWER inventory, flow rate, flow time
types of waste - ANSWER Waste of time of a resource: capacity is wasted because of
idle time, also wasted by performing what we will define as waste and non-value-adding
work
Waste of time of a flow unit: Inventory = Flow rate x Flow time; shorter flow time is
directly proportional to less inventory
taylorism - ANSWER scientific management, encouraged the development of mass
production techniques and the assembly line, led to a revolution in American education
of social science.
two types of work - ANSWER Non-value-added work: movements that do not add value
in the eyes of the customer but must be done under current process conditions to
complete a unit (ex: worker moving between machines)
Value-added work: movements valued by the customer as they are absolutely required
to transform the flow unit into the output the customer wants
toyota's four principles - ANSWER Philosophy: a long term approach that favors quality
and capabilities over short-term financial goals
