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Are these statements True or False?
Are these statements True or False?
- A direct benefit of Kanban system is to improve quality.
- Defective items require to rework or replacement is NOT considered as a process waste in lean operations.
- One-piece flow is applied in production process to reduce or eliminate the waste of unnecessary Transportation.
- In lean operations, use process standardization in production is a practice to efficiently match supply and demand.
- To develop the most efficient workspace in the day-to-day operations is a focus of "Kaizen".
- Better eliminate waste of unnecessary Transportation is a direct benefit related to pull system.
- Efficiently match supply with demand is a fundamental focus in the "just in time" lean principle.
- Reorder point does not affect the safety stock level in the EOQ model.
- In the EOQ inventory model, if order quantity increases, the annual inventory holding cost always decreases.
- The two most important decisions made by the EOQ inventory models are when place an order and the total cost of the order.
- If a firm decides to increase its service level if production, the corresponding stock out risk would decrease.