Briefly discuss the House of Toyota, including its origin and key points
What will be an ideal response?
The House of Toyota is a graphic presentation of all the essential elements of lean systems that make the Toyota Production System (TPS) work well. It was originally used by Toyota to define TPS to its employees and suppliers. Its roof represents the primary goals of high quality, low cost, waste elimination, and short lead times. The roof is supported by the twin pillars of JIT and jidoka, which stand on a base of operational stability that comes from leveraging a number of lean concepts. For additional details refer to Figure 6.3, page 217 in the text.
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The days' sales in inventory ratio is calculated by dividing cost of goods sold by the average merchandise inventory
Indicate whether the statement is true or false
When you're composing a persuasive message, all of the following except ________ are common mistakes that you need to avoid
A) using a hard-sell approach B) promoting compromise C) relying solely on great arguments D) assuming that persuasion is a one-shot effort E) using a well-crafted story