Lean supply chains

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Business Finance

Description

  • What is the lean concept and why is it important to study?
  • How can lean be applied to manufacturing and service processes?

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Explanation & Answer

Attached.

Running head: LEAN CONCEPT SUPPLY

1

Lean Concept Supply
Institution Affiliation
Date

LEAN SUPPLY CHAIN

2

Many companies have invested their time and resources adopting the lean concept. The
lean concept has helped the companies to transform their traditional way of thinking to lean
thinking. Therefore, this concept is not only effective for cost reduction or manufacturing. It is
also effective in the supply chains management and service processes. The concept is also
applied in...


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