Assignment:
True or false
1.Lean is just a set of tools.
2.Six Sigma is only for reducing variation.
3.It is important to partner with suppliers, challenge and grow employees, and to develop a long term philosophy in order to be successful in Lean.
4.Lean and Six Sigma can be used together to create an environment which can reduce variation and waste, embrace continuous improvement, and develop employees into problem solvers
5.Mass production is never more efficient than lean production.
6.There is no way to avoid loss of jobs as a result of successful operation management strategies.
7.It is NOT important to design corporate goals and key performance indicators (KPIs) that drive the organization towards common initiatives.
8.Inventory is a common waste because it acts as a buffer and hides problems.
9.The pareto principle of 80/20 is a rule of thumb and not a law of the universe.
10.Well written mission and vision statements should be the foundation for a company's core competencies, goals, KPIs and balanced scorecards.