Asked by Jasmine Montero on Apr 26, 2024
Verified
Lean manufacturing philosophy reduces all of the following except
A) inventory
B) setup time
C) lead time
D) conversion costs
Lean Manufacturing
Lean manufacturing is a production methodology aimed at minimizing waste within manufacturing systems while simultaneously maximizing productivity.
Conversion Costs
The combined total of labor and manufacturing overhead expenses required to convert raw materials into finished goods.
Setup Time
The duration required to prepare equipment or processes for production, which can affect manufacturing efficiency and costs.
- Absorb the primary tenets and ambitions of lean manufacturing.
- Identify the key elements of lean manufacturing such as inventory reduction, quality improvement, and setup time reduction.
Verified Answer
RA
Raven ArcangelApr 29, 2024
Final Answer :
D
Explanation :
Lean manufacturing focuses on reducing waste and improving efficiency, which includes reducing inventory, setup time, and lead time. However, it does not specifically aim to reduce conversion costs, which are the costs associated with converting raw materials into finished goods. These costs can include labor, overhead, and any other expenses directly tied to the production process. Lean manufacturing may indirectly affect these costs by improving overall efficiency, but reducing conversion costs is not a primary goal.
Learning Objectives
- Absorb the primary tenets and ambitions of lean manufacturing.
- Identify the key elements of lean manufacturing such as inventory reduction, quality improvement, and setup time reduction.