1. Lean works best in
low volume/high variety environments
all markets
high volume/low variety environments
markets with high demand volatility
2. There are four different types of response flexibility. Which one represents how quickly and efficiently the supply chain can get a new product to market?
Volume
New Product
Customization
Variety
3. Sense refers to the ability to
see changes in the market place before it's too late
understand shortcomings in the supply chain
tell when a bottleneck is about to form in production
predict service failures
4. An example of an industry that would benefit from being Lean would be
software manufacturers
the automotive industry
companies in industries that see high volativlity in demand and a large variation in their product offerings
the fashion industry
5. Respond refers to the ability to
see changes in market demand before it happens
quickly adjust the supply chain to meet the changing demands of the market
instantly quote prices to potential customers
reply quickly to customer questions