In a hole drilling process, 30 hole positions were analyzed. We found that the standard deviation of these parts is 0.8 mm. By doing a measurement system R&R study, we found the gage properties as: σ_repeatability=0.4mm and σ_reproducibility=0.4mm. Based on information above, the gage is:

Which of the following is false regarding the links between jit and quality? a. jit increases the cost of obtaining good quality. b. as quality improves, fewer inventory buffers are needed; in turn, jit performs better. c. jit reduces the number of potential sources of error by shrinking queues and lead times. d. inventory hides bad quality; jit immediately exposes it. e. if consistent quality exists, jit allows firms to reduce all costs associated with inventory.

Why is efficiency an important economic goal?

According to management education expert ashok rao, companies can increase their profitability by through careful inventory management. a. 5% to 10% b. 10% to 25% c. 20% to 50% d. 75%