Lean Production

Question 1

Lean Production

Answer 1

Approach to production aimed at reducing the quantity of resources used.

Question 2

Advantages of Lean Production

Answer 2

Raises productivity
Reduces costs and cuts lead times
Reduces the number of defective products
Speeds up product design

Question 3

JUST-IN -TIME Production

Answer 3

production technique that is highly responsive to customer orders and uses very little stock holding

Question 4

Advanatages of Just-in-time

Answer 4

Cash flow is improved
No stock holding costs
Space is released
( Lower inventory levels will reduce stock holding costs,if costs are reduced ,then businesses make more profit , this will increase returns for the owners and provide cheap funds in future.)

Question 5

Disadvantages of Justin Time

Answer 5

High ordering and administration costs
Advantages of bulk buying may be lost
Hard to cope with changes in demand

Question 6

Kaizen

Answer 6

Small continuous improvements,where workers could come up woth idea of improving quality, reduce waste.These small improvements will have an impact over a long period of time.

Question 7

How Kaizen works ?

Answer 7

Train workers to search for waste continuously and suggest how it might be avoided (like time ,wasted)

Question 8

Kaizen Advantages

Answer 8

Lower costs
Higher operational efficiency
Environmental Protection
Improved Quality (as improvements help to identify and rectify errors quickly, reducing the need for rework and improving overall product/service quality.
Focuses more on customer needs ,therefore customers are likely to get better service.

Question 9

Disadvanatges of Kaizen

Answer 9

Kaizen may require significant investment in trainingwhich can be expensive and time-consuming.

If employees are more focused on making a profit they may damage quality while trying to produce more output.
Unrealistic Pressure on Staff: The expectation of constant, continuous improvement can create undue pressure on employees, leading to burnout.

Question 10

The importance of using resources effectively in lean productio

Answer 10

FINANCIAL Benefits: if fewer resources are used > business costs will be lower