The numbered items that follow are concepts that underlie value-based systems, such as ABM and lean operations.

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The numbered items that follow are concepts that underlie value-based systems, such as ABM and lean operations. Match each concept to the related lettered element(s) of a lean operating environment.
1. Business processes are simplified.
2. The quality of the product or service is critical.
3. Employees are cross-trained.
4. Large inventories waste resources and may hide bad work.
5. Goods should be produced only when needed.
6. Equipment downtime is minimized.
a. Minimum inventory levels
b. Pull-through production
c. Quick machine setups and flexible work cells
d. A multiskilled work force
e. High levels of product quality
f. Effective preventive maintenance

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Principles of Accounting

ISBN: 978-1133626985

12th edition

Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson

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