7 PM 9Your supervisor recently approached you to ask what the company can do to examine its processes and reduce unused inventory. This isan example of which of the following process improvement approach?LeanO Six SigmaO Theory of ConstraintsO TrioD 问题 10You are a restaurant manager. Your restaurant's signature dish is a cowboy steak served with fresh greens and fingerling potatoes. Lately.you noticed an increase in negative Yelp reviews. Mostly, customers who ordered the signature steak "medium rare" received steaks thatwere closer to either "rare" or "medium." Which of the three process improvement approaches would best allow you to make sure thatyour customers who order medium rare steaks actually receive medium rare steaks?O LeanO Six SigmaO Theory of ConstraintsO Trio

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Answered: Your supervisor recently approached you…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Mikey W. Smitty is confident that demand for his “WesternRap” CD will substantially exceed the break-even point computed in Problem 6-3. So, Mikey is contemplating hav-ing his CD cut at a classier (and pricier) studio. The cost to record the CD would rise to $9000. However, since thisnew studio works with very high volume, production costswould fall to $2 per CD.a. What is the breakeven point for this new process?b. Compare this process to the process proposed in theprevious problem. For what volume of demand shouldMikey choose the classier studio?
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A fundamental trade-off in the design of any business system is between efficiency and flexibility: one can't have ultimate efficiency and infinite flexibility at the same time. The simplification and standardization required to improve the efficiency of an operation inevitably restrict the things the system can do. In addition, the short-term changes and decisions needed to make an operation more flexible inevitably disrupt the smooth and predictable process flow needed for optimal efficiency. In the readings, you have seen that different system design philosophies and tools tend to generate different balances between efficiency and flexibility, which, in theory, allows you to design a system with the optimal balance between the two. As you have learned, the optimal balance between efficiency and flexibility depends on the competitive environment an organization expects to face in the future. You have also learned in this course that the future is notoriously hard to predict,…

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Your supervisor recently approached you to ask what the company can do to examine its processes and reduce unused inventory. This is an example of which of the following process improvement approach? Lean O Six Sigma O Theory of Constraints O Trio