Practical Operations Management
2nd Edition
ISBN: 9781939297136
Author: Simpson
Publisher: HERCHER PUBLISHING,INCORPORATED
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Chapter 12, Problem 9P
Summary Introduction
Interpretation: The type of inventory
Concept Introduction: Lean operation is a process in which a business should focus on continuous improvement with minimum resources and elimination of wastage. It is a process which is adopted by business to work efficiently and wastage must be reduced to the maximum level. Its main focus is to create customer satisfaction and eliminate implicit cost. Its principal is to smoothen manufacturing process so that operation of business can be efficiently done. Moreover, delegation of work is important rather than having work load at the same team so that perfection can be attained.
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Chapter 12 Solutions
Practical Operations Management
Ch. 12 - Prob. 1DQCh. 12 - Prob. 2DQCh. 12 - Prob. 3DQCh. 12 - Prob. 4DQCh. 12 - Prob. 5DQCh. 12 - Prob. 6DQCh. 12 - Prob. 1PCh. 12 - Prob. 2PCh. 12 - Prob. 3PCh. 12 - Prob. 4P
Ch. 12 - Prob. 5PCh. 12 - Prob. 6PCh. 12 - Prob. 7PCh. 12 - Prob. 8PCh. 12 - Prob. 9PCh. 12 - Prob. 10PCh. 12 - Prob. 11PCh. 12 - Prob. 12PCh. 12 - Prob. 13PCh. 12 - Prob. 14PCh. 12 - Prob. 15PCh. 12 - Prob. 16PCh. 12 - Prob. 17PCh. 12 - Prob. 18PCh. 12 - Prob. 19PCh. 12 - Prob. 20PCh. 12 - Prob. 21PCh. 12 - Prob. 22PCh. 12 - Prob. 23PCh. 12 - Prob. 24PCh. 12 - Prob. 25PCh. 12 - Prob. 26PCh. 12 - Prob. 27PCh. 12 - Prob. 1.1QCh. 12 - Prob. 1.2QCh. 12 - Prob. 1.3QCh. 12 - Prob. 1.4QCh. 12 - Prob. 2.1QCh. 12 - Prob. 2.2QCh. 12 - Prob. 2.3QCh. 12 - Prob. 3.1QCh. 12 - Prob. 3.2QCh. 12 - Prob. 3.3Q
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Similar questions
- In job order costing systems, costs are accumulated and assigned to: a) Departments b) Products or jobs c) Overhead pools d) Fixed assetsarrow_forwardYour Corporation manufactures four products that use the same raw material and production machine. Your Company is experiencing a shortage of pounds of the raw material. Information related to the four products are shown below. Products A B C D Selling price $40 $32 $35 $65 Variable cots $34 $22 $27 50 Machine hours per unit 6 8 5 7 Pounds per unit 18 20 28 38 To maximize profit next month, in what order would it be best to schedule production (first to last)? a. A, B, C, D b. A, D, B, C c. B, D, A, C d. D, A, C, Barrow_forwardThe definition of work-in-process (WIP) inventory is: Select one: a. An end item ready to be sold, but still an asset on the company's books. b. Products or components that are no longer raw materials but have not yet become finished products. c. Materials for maintenance, repair and operation. d. Materials that are normally purchased but have not yet entered the manufacturing process. and. Additional stock to allow for uneven demand; a buffer.arrow_forward
- You just took over as chef of a restaurant with a poor handle on inventory control. Cooks are for the most part good at executing standardized recipes and careful minimizing waste during production, but there's either too much product going bad in the storage areas, or not enough product ordered to meet production needs. Storage areas are poorly organized, and cooks and servers are walking in and getting what they need without any tracking, Food costs are high because of this, and customers are complaining when their favorite items are 86'd. What would your first actions be to get a handle on the problem during your first week? What actions might you have to wait on, and why?arrow_forwardQuick Response is generally referred to as O a. Quick forecasting of demand O b. Quick Order entry O c. Quick production of goods O d. Quick supplies to Retailerarrow_forwardwhat recordkeeping activities are included in the term of:i How does expansion or contraction of an inventory impact such information?arrow_forward
- I just joined a manufacturing firm producing bath soap and washing powder, The company set up a department to deal with stock control. My supervisor asked me to narrate the functions of the stock controller. What would I tell himarrow_forwardYou are in charge of the store in a large organization. You have been assigned the task of reducing the movement of materials and associated costs. Which of the following would you perform to eliminate cross covers, long distances and back tracking? a. Check for the scarcity of materials. b. Analyze the type of materials. c. Check for the availability of materials. d. Draw the flow chart to visualize the direction of materials movement.arrow_forwardYou are the supervisor of a department of ten people. You’ve noticed that office supplies are being reordered quite frequently in the last year. Working late one night, you notice one of your employees leaving the office supply room with several reams of photocopy paper and a box of pens. She leaves the supply room and heads straight to her car, with the supplies. What should you do? One of your colleagues at work “friends” you on Facebook. You notice in your newsfeed that he has posted some mean things about another colleague that you both work with. He names her and talks about how bad she smells. He makes a joke of it and some of his friends comment on it. What should you do? Your colleague Fatima has been staying late every night to finish an important report for your boss. She is supposed to be working on the report with her colleague Paul. You know that Paul lets Fatima do all the work and he goes home early. At the end of the week, the report is handed in to the boss and the…arrow_forward
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