Lean Strategies International LLC

Lean Strategies International LLC is a community for people passionate about #supplychain #operations and #continuousimprovement of #business . Lean Strategies International LLC was founded in October of 2015. The vision of Lean Strategies International eventually transformed to educate, empower and transform lives around the world through the use of continuous improvement strategies. Specifically, Our mission is to provide: affordable and comprehensive educational opportunities and coaching that adds value to you. We do this through online courses, distance learning and ecommerce. Here on #youtube you can find a wealth of valuable business, supply chain, operations and continuous improvement materials. Some attributes that are at the core of our business are Education. Integrity. Service . Teamwork and Fellowshipping. Visit our community at: www.leanstrategiesinternational.com.

Lean Strategies International LLC

If a company has a Cost of Goods Sold (COGS) of $500,000 and an Average Inventory of $100,000, what is the inventory turnover rate? Don't forget to subscribe for more great content: shorturl.at/R333M

1 month ago | [YT] | 1

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Lean Strategies International LLC

What is the formula for calculating inventory turnover rate?

2 months ago | [YT] | 1

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Lean Strategies International LLC

What does a higher inventory turnover rate for finished goods indicate?

2 months ago | [YT] | 2

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Lean Strategies International LLC

During a period of inflation, which inventory valuation method will result in asset values that most accurately reflect current market prices?

2 months ago | [YT] | 1

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Lean Strategies International LLC

In MRP, what term is used to describe the time between the initiation and completion of a production process?

2 months ago | [YT] | 1

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Lean Strategies International LLC

Which of the following is NOT a primary function of Material Requirements Planning (MRP)?

3 months ago | [YT] | 2

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Lean Strategies International LLC

Which of the following controls a firm planned order in material requirements planning?

3 months ago | [YT] | 2

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Lean Strategies International LLC

True or False? In a Sequential Numbering system Item numbers include meaningful codes that provide information about the item, such as its category, size, color, build or location.

3 months ago | [YT] | 1

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Lean Strategies International LLC

Who was given credit for developing material requirements planning or #mrp ?

3 months ago | [YT] | 3

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Lean Strategies International LLC

Who was given the credit for separating the "vital few" from the "trivial many"?

3 months ago | [YT] | 4

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