Strategic lean metrics include return on capital, revenue, cash flow, and market position. Dr. Genichi Taguchi was a Japanese engineer and statistician whose work determined what product specification meant and how it could be applied to a cost effective production. Taguchi Product Development includes three stages. Which of the following is NOT included?
A)Finding the balance between manufacturing unit cost profit and loss.
B)Organizational strategic planning.
C)System designs.
D)Determining how the product should perform.

Question

Quizplus · Accepted Answer

Organizational strategic planning is not included in Taguchi Product Development. Taguchi worked in Just In Time (JIT) production, which is a production strategy that strives to improve a business return on investment by reducing in-process inventory and associated carrying costs. Impacting these lean metrics affects the bottom line in return on capital, revenue, cash flow, and market position.

Strategic Lean Metrics Include Return on Capital, Revenue, Cash Flow