Why is flow time an important measure of performance?
What will be an ideal response?
Minimizing job flow times in a schedule tends to minimize work-in-process inventory and maximize utilization. In addition, flow times are related to the lead times (or cycle times) of products and have an influence on customer service.
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Many believe that customer focus does not help to create better or new products. This belief rests on which of the following ideas?
A) Such new product developments decrease the chances of success. B) Customers do not consider the cost of design when suggesting. C) Customers are at times unaware of what they really want. D) It increases the cost of testing a product or service. E) Having too much customer focus leads to a negative brand image.
What are three benefits to the use of contingency funds?
What will be an ideal response?