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A Belt has determined that the loan application does not need to be reviewed by accounting thereby improving the number of applications a loan processer can handle. According to Cost of Poor Quality (COPQ) definitions RTY improvement would be considered _______________.
Suggested Answer: B
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42 comments · newest first
VI
Viola
11 months ago
Downsizing savings? Not sure that fits here.
MA
Maurine
11 months ago
Totally agree, this is soft savings for sure!
AL
Alonso
12 months ago
Wait, how can they skip accounting? Seems risky.
RE
Reita
12 months ago
I think it's definitely hard savings.
LA
Launa
12 months ago
Sounds like a win for efficiency!
PA
Pamella
1 year ago
I vaguely recall that RTY improvements are often linked to hard savings, but I can't remember the exact definitions we went over in class.
HA
Haley
1 year ago
I feel like this question is tricky. I want to say it's soft savings because it’s about improving processes, but I could be wrong.
JE
Jeannine
1 year ago
I remember a practice question where we discussed COPQ, and I think downsizing savings was mentioned. But I don't know if that applies here.
OR
Oren
1 year ago
I think RTY improvement might relate to hard savings, but I'm not entirely sure. It feels like it could also be soft savings since it's about efficiency.
NA
Nan
1 year ago
Hmm, I'm not totally sure about this one. I'm trying to think through the different options, but I'm a bit confused on how they might impact collaboration during PI Planning.
IR
Irving
1 year ago
I remember studying about distributed anycast gateways in VXLANs, but I'm not totally confident if they are the main solution for redundancy.
LI
Lizbeth
1 year ago
I'm a bit confused by the different group options. I'll need to re-read the question and table carefully to make sure I understand which groups can be added.
RO
Royce
1 year ago
Ooh, I've got one - what do you call a loan officer who's also a magician? A 'master of disCOPQ'! Alright, I'll see myself out...
EV
Evangelina
1 year ago
C: Soft savings
FI
Filiberto
1 year ago
B: Hard savings
PE
Penney
1 year ago
A: Soft savings
HO
Hollis
1 year ago
Ugh, COPQ questions are the worst. But I'm pretty sure the answer is C. Soft savings. Anything that improves efficiency without reducing direct costs has to be in the 'soft' category. Although, I'd love to see the look on an accountant's face if you told them their review wasn't needed!
MI
Mitsue
1 year ago
Soft savings it is, for sure.
SA
Salley
1 year ago
Imagine the confusion in accounting!
RE
Renea
1 year ago
I agree, it's definitely C. Soft savings.
TI
Tiffiny
1 year ago
Ha! Leave it to the LEAN folks to turn loan processing into a quality issue. I'm going with B. Hard savings. If they can handle more applications without extra staff, that's gotta be real money saved, right?
BO
Bong
1 year ago
Actually, I see your point. Soft savings could also be a valid option in this scenario.
AD
Adelina
1 year ago
I think it's C. Soft savings. It's more about efficiency and process improvement rather than direct cost savings.
IZ
Izetta
1 year ago
Definitely, being able to handle more applications without extra staff is a big cost saver.
DE
Devorah
1 year ago
I agree, B. Hard savings makes the most sense in this case.
SH
Shelton
1 year ago
Actually, I think you might be right. Soft savings could also be a factor in this scenario.
LO
Lorrine
1 year ago
I think it's C. Soft savings. It's more about efficiency and process improvement rather than direct cost savings.
LU
Luther
1 year ago
Definitely, being able to handle more applications without extra staff is a big cost saver.
JE
Jesus
1 year ago
I'm leaning towards B as well. It's all about reducing costs and increasing productivity.
FR
Francoise
1 year ago
I think C. Soft savings could also be a possibility. It's about improving processes.
TR
Trinidad
1 year ago
I agree, B. Hard savings makes the most sense in this case.
RO
Rodolfo
1 year ago
I agree, B. Hard savings makes the most sense. Efficiency is key.
JO
Jospeh
2 years ago
Hmm, I think the answer is C. Soft savings. Improving the loan application process without involving accounting seems like it would reduce overhead, but not necessarily lead to hard cash savings. The RPT improvement is the key here.
RO
Rory
2 years ago
I'm not sure, but I think it could also be B) Hard savings because it could lead to direct cost reductions.
LU
Lucia
2 years ago
I agree with Mabelle, because improving the number of applications processed without needing accounting review would lead to soft savings.
GR
Graciela
2 years ago
This is a trick question! Surely the correct answer is D. Median savings, right? I mean, how can loan processing be considered a 'poor quality' issue? Sounds like a win-win to me!
SK
Skye
1 year ago
B: No, I believe it's C. Soft savings.
HO
Hobert
1 year ago
A: I think the answer is B. Hard savings.
MA
Mabelle
2 years ago
I think the answer is C) Soft savings.
ST
Stefan
2 years ago
I see your point, Sean. But I still think it's A) Downsizing savings because it leads to a reduction in overall costs.
SE
Sean
2 years ago
I disagree, I believe it is C) Soft savings because it reduces the cost of rework.
WI
Willodean
2 years ago
I think the answer is B) Hard savings.