Question: What term refers to the optimization of value - adding activities and the elimination of non - value - adding activities that are part of

What term refers to the optimization of value-adding activities and the elimination of non-value-adding activities that are part of a value stream?
Multiple Choice
Value stream mapping
Value blueprinting
Waste reduction
Lean supply design
Lean logistics

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

tudy of an innovative method based on complementarity between ARIZ, lean management and discrete event simulation for solving warehousing problems Fatima Zahra Ben Moussa a, , Roland De Guiob ,...

Q:

WINTER 2010 V O L . 5 1 N O. 2 Steven A. Melnyk, Edward W. Davis, Robert E. Spekman and Joseph Sandor Outcome-Driven Supply Chains REPRINT NUMBER 51221 S U P P L Y C H A I N : M A N A G I N G F O R M...

Q:

You should summarize the 7 items in the photos. Max.250 words! !Different answer another chegg answer please! 1. Introduction currently missing from the literature (Trioman et al. 2010: De mirkan and...

Q:

summarize the main idea of each article, discuss issues being highlighted briefly, give opinion pertaining the coverage of each article and provide recommendations for each issue in the article....

Q:

summarize the main idea of each article, discuss issues being highlighted briefly, give opinion pertaining the coverage of each article and provide recommendations for each issue in the article....

Q:

What term refers to the optimization of value-adding activities and elimination of non-value adding activities that are part of a value stream?

Q:

MUDA analysis is the project efficiency management technique that is utilised to uncover and examine ways in which waste can be eliminated in different areas of the project. The term MUDA is a...

Q:

I need to forecast the income statement, balance sheet, and freecash flows generated by the company over a five year period on the attached company. Annual report 2015 Virgin Atlantic annual report...

Q:

Question: How would cost-plus pricing change continuous improvement at Kenco? (10 marks) Compare and explain fully the strategic and operational implications of cost-plus pricing versus Kencos...

Q:

Question: Describe Kencos CI system; compare this to process change using traditional budgeting Abstract This case illustrates a strategy-driven costing system combining ideas from lean management...

Q:

Vale S.A., a Brazilian mineral products company, provided the following note on a voluntary basis in its 2009 annual report: 11Cash Generation (Unaudited) Consolidated operating cash generation...

Q:

An office supply company is attempting to determine the order quantity for laser printer toner cartridges which are sold to local Annual demand is 20,000 units and each cartridge costs the store $25....

Q:

1 3 of 3 0 This test: 1 2 0 point ( s ) possible This question: 4 point ( s ) possible Submit A company that produces drugs is preparing a balance sheet. Which of the following would be most likely...

Q:

Bond X is noncallable and has 20 years to maturity, a 9% annual coupon, and a $1,000 par value. Your required return on Bond X is 12%; if you buy it, you plan to hold it for 5 years. You (and the...