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Lean Principles

The chief executive officer $($CEO$)$ of Platinum Inc. just read an article written by a business professor at Harvard Universit$)$ benefits of the lean philosophy. The CEO issued the following statement after reading the article:

This company will become a lean manufacturing company. Presently, we have too much inventory. To become lean, we ne excess inventory. Therefore, I want all employees to begin reducing inventories until we make products "just in time." Tha cooperation.

a$.$ Lean manufacturing$-$is Identify the statement that suits the above situation.

a$.$ A philosophy that focuses on reducing time, cost, poor quality and uncertainty from a process.

b$.$ An inventory reduction method.

c$.$ Producing based on the sales.

d$.$ Improving productivity ignoring the quality and other aspects.

b$.$ A CEO of a company suddenly commands that the company will become lean manufacturing company due to increased statement that suits the situation.

a$.$ The plan of introducing a lean manufacturing system may be effective to avoid inventory.

b$.$ The plan of introducing a lean manufacturing system may increase the productivity of the company.

c$.$ The CEO of the company has not given any action plans and the inventories created are not because of the production ex even due to poor quality of the product.

d$.$ Implementing a lean manufacturing system leads to increased cost of manufacturing.