Question 28 Which fundamental principle(s) of lean manufacturing results in the suppression of overproduction? a) Kanban and Total Available Cycle Time (TACT) b) Kanban and 5S c) Supply chain integration d) Single Minute Exchange of Die (SMED) e) Single Minute Exchange of Die (SMED) and production levelling None of the above g) Rapid changeover and production levelling 1 mark Question 29 Summarise two (2) benefits of supply chain integration within a lean manufacturing paradigm. [2 marks Question 30 Explain how Industry 4.0 technologies are changing the way Conversion Cost (Cc) is being accounted in the calculation of Full Production Cost (FPc). FPc Cc+ DMc Where Cc Conversion Cost = (DLc + OHc) DLc= Direct Labour Cost OHc=Overhead Cost DMc Direct Material Cost 1 mark] Question 31 Which scenario is best suited to the calculation of Retum On Investment (ROI) in the short-term? ROI (Revenue- Costs)/Investment a) Make versus buy analysis b) Purchase of large capital equipment c) Employment of a new Engineer d) Design of a new product e) Investment in Industry 4.0 technologies [1 mark] Question 32 Which factor must be applied in the calculation of Return On Investment (ROI) in the long-term? a) Discounting of future cash inflow b) Absolute efficiency of existing capital expenditure c) Relative efficiency of existing capital expenditure d) Sunk cost in existing capital expenditure e) Obsolescence of 3.0 technologies Skills of existing employees [1 mark]