This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Describe raw materials inventory and finished goods inventory. What will be an ideal ... (Read 57 times)

ghost!

  • Hero Member
  • *****
  • Posts: 560
on: Jul 7, 2018
Describe raw materials inventory and finished goods inventory.
 
  What will be an ideal response?

Question 2

Explain the Six Sigma approach to process improvement.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

verrinzo

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jul 7, 2018
Answer to Question 1

Raw materials inventory stores components like bicycle tires and other goods procured from suppliers. These raw materials must be on hand for assembly operations to occur in the Production process. Finished goods inventory is the completed products awaiting delivery to customers.

Answer to Question 2

The most common approach to process improvement, particularly in the manufacturing industry, is called Six Sigma. Six Sigma seeks to improve process outputs by removing causes of defects and minimizing variability in the process. Each Six Sigma project follows a very structured sequence of steps with quantified financial measures. Six Sigma gets its name from its goal that 99.99966 percent of process outputs will be free from defects.


ghost!

  • Member
  • Posts: 560
Reply 2 on: Jul 7, 2018
Gracias!

nathang24

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Four hazardous materials incidents. Clockwise from top left: a clandestine drug lab dump site, ... Four hazardous materials incidents. Clockwise from top left: a clandestine drug lab dump site, ...
The Hazardous Materials Identification System is used to label containers that hold hazardous ... The Hazardous Materials Identification System is used to label containers that hold hazardous ...
Draw an Edgeworth box for two consumers over two goods Draw an Edgeworth box for two consumers over two goods
If these materials were manufactured into a tubular shape and used to replace a section of the ... If these materials were manufactured into a tubular shape and used to replace a section of the ...
For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately
An inventory record sheet shows a balance on hand of 972. During the month units sold were 111, ... An inventory record sheet shows a balance on hand of 972. During the month units sold were 111, ...
Video: Role of complement proteins

For a complete list of videos, visit our video library