Value Stream Mapping (VSM)

Takt Time in manufacturing is:

• Total time required to complete the entire production

• Minimum time required to complete one production cycle

• Time required to install production machines

• Time available to complete one unit of product based on customer demand

If Lead Time is 5 days and Takt Time is 2 hours per unit, what is the Cycle Time per unit?

• 2 Hours

• 5 Hours

• 10 Hours

• 12 Hours

What is meant by Lead Time in the context of manufacturing?

• Time required to complete one production cycle

• Time required to fulfill a customer order

• Time needed to make changes to the production process

• Time spent in non-productive activities

Value Stream Mapping is:

• A technique in risk management

• A method for mapping the value flow in a process

• A process of drawing a geographical map to increase efficiency

• A way to measure product quality

The main purpose of Value Stream Mapping is

• Increasing production

• Reducing production costs

• Identifying and eliminating waste in the process

• Increasing company profits

One of the initial steps in Value Stream Mapping is

• Creating a company financial report

• Mapping the flow of materials and information from the beginning to the end of the process

• Calculating the production cost of the product

• Developing a product marketing plan

The main benefit of Value Stream Mapping is:

• Identifying errors in the final product

• Ensuring employee safety

• Improving product quality

• Reducing lead time and improving process efficiency

The Value Stream Map is depicted using the following symbols,

• Triangle to depict transportation

• Triangle with a perpendicular line to depict process

• Rectangle to depict inventory

• Circle to depict delay

What is the next step after Value Stream Mapping is completed?

• Develop a product marketing strategy

• Eliminate all employees deemed unproductive

• Create a plan to reduce waste and increase efficiency

• Accelerate the flow of value without further analysis

If the total production cost is $30,000 and the UMH per unit product is $50, how many units of production are produced?

• 200 units

• 500 units

• 600 units

• 1000 units