Lean Six Sigma Methods to Identify and Manage Assignment 1. Why it is important to identify financial and operational metrics, to ensure business alignment, prior to creating Lean Six Sigma improvement projects. 2. Why projects must link to the voice-of-the customer (VOC). 3. Why it is important to establish metric scorecards prior to deploying projects. 4. Why system models of major work streams are useful […]

Order Project Risk Assessment Assignment 1. What should inventory targets (turns) be? 2. How do demand variation and lead-time impact inventory? 3. What is the inventory investment baseline? 4. How can it be improved? 5. Which suppliers contribute to excessive inventory? 6. How do lot size and long lead-times impact inventory? 7. What are the levels of excess and obsolete inventory? 8. Should low-volume items […]

Order Demand Management Overview Assignment 1. Why the sales and operations planning (S

Order Simplifying the Process Assignment 1. Why creating a value stream map (quantitative process map) and breaking operations down into smaller time elements is a powerful way to identify areas within the process where lead-time can be reduced to lower cost and improve quality. 2. Why identifying the system’s critical path and its time variation is necessary to effective lead-time reduction. 3. Why using the […]

Order Material Requirements Planning Assignment 1. Why understanding your organization’s MRPII and MPS systems will enable your Lean Six Sigma “belts” to identify improvement projects in receiving, production activity control, purchasing, and inventory investment are related to MRPII system areas. 2. Why understanding the comparative advantages and disadvantages between make-to-stock, assemble-to-order, and make-to-order systems will allow your improvement team to identify opportunities to both improve […]

Order Measuring Inventory Quantities Assignment 1. Why Lean Six Sigma black belts and green belts should calculate optimum inventory quantities to identify where Lean Six Sigma projects should be strategically deployed by the organization to reduce inventory investment and improve key supply chain metrics. 2. Why identification and elimination of excess and obsolete inventory investment by Lean Six Sigma “belts” is an important first step […]

Order Forecasting Accuracy Assignment 1. Why measurement system accuracy and precision are important parts of every Lean Six Sigma project. 2. Why the improvement team should have listed the critical questions that needed to be answered by the data collection and analysis effort prior to doing these tasks. 3. Why creating a quantified system map using Lean Six Sigma yield metrics allows the improvement team […]

Order Standard Data Worksheet Assignment 1. Why is supply chain management important in retailing? 2. What are the common elements between manufacturing and retail supply chains? What are the differences? 3. What are the differences between the concept of a supply chain and Logistics? 4. Explain the different retail supply chain elements. 5. How does the importance of the various retail supply chain elements vary […]

Discus Category Management and Merchandise Budgeting 1. What is category management and what are its benefits? 2. How are categories defined? What are the ground rules for defining a category? 3. What are the different category roles? 4. How are category strategies defined? 5. What is meant by category tactics? What are the available category tactics? 6. What are the enabling components of category management […]

Discus Assortment and Space Management 1. What is the importance of assortment? 2. How is category management related to assortment management? 3. What tools are used in assortment planning? 4. Explain the concept of product line, breadth, depth and model planning. 5. How are assortment and space planning integrated? 6. What is a planogram? 7. What are the processes in planogram management? How can IT […]