The numbered items that follow are concepts that underlie value-based systems, such as ABM and lean operations.
Question:
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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Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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