Which of the following is characteristic of the lean philosophy?
A) Inventories are an asset.
B) Lot sizes are optimized by formula.
C) Vendors are coworkers, essentially other departments of our organization.
D) Queues are a necessary investment.
E) All of the choices.

Question

Quizplus · Accepted Answer

The lean philosophy emphasizes on collaborating and building strong relationships with vendors and treating them as coworkers to streamline the supply chain process. This is in line with the concept of creating value and eliminating waste in the entire value chain. The other options such as inventories being an asset, optimizing lot sizes by formula, and considering queues as necessary investments go against the basic principles of lean thinking.

Which of the Following Is Characteristic of the Lean Philosophy