A chance for not meeting required specifications

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Reference no: EM131861195

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1.Value is determined by this person because they are willing to pay for it

2.Goals that are specific, measureable, actionable, realistic, and time-based

3.Concerned with transforming inputs into useful outputs according to an agreed-upon strategy and thereby adding value to some entity

4.Examples of these include: facilities, labor, capital, equipment, raw materials, and supplies

5.Set of objectives, plans, and policies for the organization to compete

6.Collective knowledge and skills an organization has that distinguish it from competition

7.Subcontracting out production of parts or performance of activities

8.Processes operate 24 hours/day seven days/week in order to spread fixed cost over as large a volume as possible

9.Layout where equipment and staff grouped based on function

10.Layout where teams of workers and equipment that produce families of outputs are located close to one another

11.A chance for not meeting required specifications

12.Driven by close understanding of customer needs, disciplined use of facts, data, and statistical analysis, and diligent attention to managing, improving, and reinventing business processes

12.Tool used in Six Sigma to find the root cause of a problem

14.Tool used in Six Sigma to brainstorm problems, potential causes, and solutions

15.The Toyota Production System is commonly called this

Lean

continuous process

inputs

SMART Goals

System

Outputs

Pareto chart

Customer

Core competency

Cellular production

kPIs

process control chart

fishbone diagram

operations

cost minimization strategy

project management

six sigma

job shop

business strategy

affinity diagram

opportunity

flow shop

outsourcing

Reference no: EM131861195

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