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A Belt has determined that the insurance claim form needn't be reviewed by accounting thereby improving the number of claims a processer can handle. According to Cost of Poor Quality (COPQ) definitions RTY improvement would be considered _______________.
Suggested Answer: D
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33 comments · newest first
GE
Genevieve
11 months ago
Interesting point, but I have my doubts about the long-term effects.
DO
Dong
11 months ago
I think it's hard savings too, makes sense!
MY
Myra
11 months ago
Wait, are we sure it's not soft savings?
VA
Val
12 months ago
Definitely agree, it's all about efficiency gains.
SA
Sanda
12 months ago
Sounds like a classic case of hard savings!
ER
Erick
12 months ago
I feel like this question is similar to one we did in class about process improvements. I think it was hard savings, but I could be mixing it up with something else.
LA
Lamonica
1 year ago
I’m a bit confused. I thought RTY improvements could fall under soft savings because they might not directly translate to immediate cash flow.
HA
Han
1 year ago
I remember practicing a question about COPQ, and I think hard savings were defined as tangible cost reductions. So, maybe D is the right answer?
RY
Ryan
1 year ago
I think RTY improvement might be related to hard savings, but I'm not entirely sure. It feels like it could also be soft savings since it’s about process efficiency.
EM
Emilio
1 year ago
I'm a little confused by the wording of this question. What exactly is the connection between RTY improvement and the different COPQ savings categories? I'll need to review my notes on COPQ to make sure I understand this properly before answering.
MA
Madelyn
1 year ago
Okay, let me break this down. The key is understanding how RTY (right-the-first-time) improvement relates to the COPQ definitions. If the insurance claim form no longer needs to be reviewed by accounting, that should reduce rework and improve RTY, which I believe would be considered a "soft" savings. I'll go with C.
PO
Pok
1 year ago
Hmm, I'm a bit unsure about this one. The question mentions RTY improvement, but I'm not sure how that relates to the different types of COPQ savings. I'll need to think this through carefully.
DO
Dorothea
1 year ago
This question seems straightforward. I think the answer is C, Soft savings, since the improved process would reduce the time and effort required to handle insurance claims, but wouldn't directly reduce costs.
MA
Mariko
1 year ago
I'm a bit confused on this one. There are a few different ways we could approach it, but I'm not sure which combination of steps is the best. I'll have to think it through carefully.
ST
Stephane
1 year ago
This is a good one! I remember learning about this in class. The Athenians were welcomed by the soldiers from Plataea, so I'll select option A.
SH
Shaunna
1 year ago
Finally, a question I can sink my teeth into! 'Hard savings' is the way to go, no doubt about it. Unless, of course, the answer is 'Soft Tacos' - in which case, I'm getting lunch.
MA
Marisha
1 year ago
'Soft savings' wouldn't have the same impact as 'Hard savings' in this scenario.
EL
Elroy
1 year ago
Definitely, 'Hard savings' is the way to go for RTY improvement.
NO
Noelia
1 year ago
I agree, 'Hard savings' is the correct answer here.
ST
Stephaine
2 years ago
Median savings? Is this a statistics exam or a LEAN certification? 'Hard savings' all the way, folks.
SO
Solange
1 year ago
Soft savings may sound nice, but hard savings are what really make a difference.
MA
Matilda
1 year ago
Definitely, hard savings are more tangible and impactful.
SO
Soledad
1 year ago
I agree, hard savings is the way to go.
YV
Yvonne
1 year ago
Hard savings
WI
Willow
2 years ago
Downsizing savings? What is this, a corporate restructuring exercise? Clearly, the right answer is 'Hard savings' - the kind that actually impact the bottom line.
MO
Monroe
2 years ago
Soft savings? That's like saying the calories in my doughnut don't count because I'm on a 'diet'. Nice try, but I think the answer is 'Hard savings'.
SY
Sylvie
1 year ago
Exactly, 'Hard savings' are the real deal when it comes to improving efficiency and reducing costs.
TA
Tamra
1 year ago
But 'Hard savings' are the actual cost reductions that can be measured.
SH
Shawnta
1 year ago
I think 'Soft savings' are more intangible benefits, like improved customer satisfaction.
MA
Mauricio
1 year ago
I agree, 'Hard savings' seems like the most logical choice.
SI
Simona
2 years ago
I'm not sure, but I think it could also be C) Soft savings.
BE
Bernadine
2 years ago
I agree with Lisha, improving RTY would lead to hard savings.
LI
Lisha
2 years ago
I think the answer is D) Hard savings.