What is the difference between lean manufacturing and JIT (Just-in-Time) Manufacturing?

Correct Answer: Six sigma is a data-driven technique and way for eliminating defects in any progress from product to service and from manufacturing to transactional

Correct Answer: Hopefully if you're applying for this position you have bags of related experience and if that's the case you should mention it all But if you're switching careers or trying something a little different, your experience may initially not look like it's matching up That's when you need a little honest creativity to match the experiences required with the ones you have People skills are people skills after all, you just need to show how customer service skills can apply to interrnal management positions, and so on

Correct Answer: A given quantity of finished goods requires a given quantity of raw materials and components to make them Materials requirement planning systems to make them Materials requirements planning systems are computerized tools that manage when materials must be ordered to supply production at a later date MRP is effective when output quantities are knownSmall business owners are often their own MRP systems,storing the information needed to supply prodution in their knowledge and experience Activities such as computer tracking inventory and forecasting demand are MRP activities

Correct Answer: Flow control, also called optimized production technology, focuses on the efficient flow of material through the production process The philosophy of flow control focuses on bottlenecks For example, an owner using flow control will not buy a machine capable of 1,000 units an hour if supply 500 units Examine systems and determine where lowest flow is experienced, then address that point and make sure it operates at full capacity Flow control applies well where maximum productivity is required

Correct Answer: The primary goals of Six Sigma are to improve profits by eliminating variability, defects and waste that undermine customer loyalty ie, increasing the customer satisfaction What is Six Sigma ? Six Sigma is a systematic methodology that provides businesses with the tools to improve the capability of their business processes This increase in performance and decrease in process variation leads to defect reduction and vast improvement in profits, employee morale and quality of product Key Elements of Six Sigma : 1 Strategy 2 Tactics 3 Culture

Correct Answer: Manufacturing work in growth is when manufacturing firm transforms material into the work in process which includes labor, raw material, and factory overhead You can add all the below factors to know the amount of the manufacturing work in progress Labor amount Raw material inventory costs Production price A price of ending work in process for the accounting period

Correct Answer: In manufacturing group, software that can be useful for Material Management and Manufacturing ERP Some of the organizations that provide the manufacturing software solution are Oracle ERP system, sap etc

Correct Answer: productivity goals

Explanation:

In general, we know that Effective teamwork yields high productivity which is a good indications of positive productivity goals.

Correct Answer: All of the above

Explanation:

A firm maximizes profit by operating where marginal revenue equals marginal cost. They use less of an input in producing more products to increse their profits.

Correct Answer: Online marketing is the exchange of products and services between the buyers and sellers on the internetIt is also known as e-marketing or internet marketing or online advertising It may take the form of : aB2C where the products are sold directly to the customers bB2B where trading networks or auction sites maybe used to reach out to the new customers and serve the existing one cC2C where one customer may further sell the product to another customer Examples of online marketing may include banner ads, blogs, social network advertisement