3
Q:

What is Just-in-time(JIT)? 

Answer:



Q:

A profit maximizing firm will

A) Use less of an input B) Operates where marginal revenue equals marginal cost.
C) Increase in production D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

A firm maximizes profit by operating where marginal revenue equals marginal cost. They use less of an input in producing more products to increse their profits.

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Filed Under: Manufacturing
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

0 34
Q:

Effective teamwork and high productivity are good indications of positive

A) productivity goals B) reinforcement
C) horizontal relationships D) socializing
 
Answer & Explanation Answer: A) productivity goals

Explanation:

In general, we know that Effective teamwork yields high productivity which is a good indications of positive productivity goals.

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Filed Under: Manufacturing
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

0 346
Q:

The primary goals of Six Sigma are to improve

Answer

The primary goals of Six Sigma are to improve profits by eliminating variability, defects and waste that undermine customer loyalty i.e, increasing the customer satisfaction.


What is Six Sigma ?


Six Sigma is a systematic methodology that provides businesses with the tools to improve the capability of their business processes. This increase in performance and decrease in process variation leads to defect reduction and vast improvement in profits, employee morale and quality of product.


Key Elements of Six Sigma :


1. Strategy
2. Tactics
3. Culture.

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Subject: Manufacturing
Job Role: Analyst , Project Manager

3 182
Q:

What is the difference between lean manufacturing and JIT (Just-in-Time) Manufacturing?

Answer



Lean Manufacturing: catching the concept of JIT(Just-in-time) and re-examines it from the client point of view. Anything that is made should put something of valuable to the client’s requirement. For example, if you are manufacturing stereo system for a luxury car, you will imagine from the customer point of view like space occupancy, durability, sound quality, medium or loud sound, etc.


  JIT (Just-in-Time):  This methodology is described to provide that a product or part would arrive just in time to be used. This method saves the price of the unused inventory, and eject the need of piling up inventory.    


 

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Subject: Manufacturing

1 514
Q:

Define what is Six Sigma?

Answer



Six sigma is a data-driven technique and way for eliminating defects in any progress from product to service and from manufacturing to transactional.


 

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Subject: Manufacturing

0 510
Q:

What are the Softwares which can be useful in manufacturing unit?

Answer



In manufacturing group, software that can be useful for Material Management and Manufacturing ERP. Some of the organizations that provide the manufacturing software solution are Oracle ERP system, sap etc.


 

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Subject: Manufacturing

0 527
Q:

Explain how can you calculate manufacturing work in progress?

Answer



Manufacturing work in growth is when manufacturing firm transforms material into the work in process which includes labor, raw material, and factory overhead. You can add all the below factors to know the amount of the manufacturing work in progress.


    Labor amount


    Raw material inventory costs


    Production price


    A price of ending work in process for the accounting period


 

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Subject: Manufacturing

0 496
Q:

What experience do you have in lean manufacturing field?

Answer

Hopefully if you're applying for this position you have bags of related experience and if that's the case you should mention it all. But if you're switching careers or trying something a little different, your experience may initially not look like it's matching up. That's when you need a little honest creativity to match the experiences required with the ones you have. People skills are people skills after all, you just need to show how customer service skills can apply to interrnal management positions, and so on. 

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Subject: Manufacturing

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