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A) lower conversion cost B) reduce cycle time cost C) reduce risk cost D) reduce non-value costs E) reduce processing costs
D) reduce non-value costs
Non Value added cost reduction not only for lean thinking but also for Overall supply chain concept.
People in Operation prefer to reduce the cycle time cost (Lead time) also , which can increase output and reducing the penalty of late arrival
Lean is nothing but reduce waste and add value to the customer. Hence Option D, reduce non-value cost most appropriate
To reduce total cost of ownership, we need to reduce cycle time cost. So, the answer "B"
option " D " is my choice .
reduce non-value costs>>>>>>>>>>>>>>
Reduce cycle time cost;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;
Option B)-------------------------Answer ,,,,,,,,,,,,,,,,,,
The answer is B. Lean thinking is identified for getting quick return for capital spent. This also calls for reducing the bottlenecks and defining the production speed as the speed of bottleneck.
