I need help with my Week 3 Individual Paper

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UNZOBAR707

Business Finance

Description

Lean Techniques

oDue Dec 9, 6:00 PM (PST)

oNot Submitted

oPOINTS 7

Team Report

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Objectives:

3.4

Instructions

Assignment Files

Grading

Purpose of Assignment

The purpose of this assignment is for students to evaluate the lean techniques applied to business in today's workforce.

Note: Students and Faculty seeking more information on this assignment can refer to Ch. 14 of the Operations and Supply Chain Management textbook.

Assignment Steps

Select a business your team is familiar with which incorporates lean manufacturing or lean supply chains.

Evaluate how this firm uses lean strategies and how much lean techniques has improved the firm's efficiency.

Evaluate ways the firm can go even further to make improvements using lean techniques.

Use the results you obtained from evaluating this firm to apply to a business your team is interested in which currently does not use lean.

Develop a 1,050-word report in which you describe your lean evaluation project.

Format your assignment consistent with APA guidelines.

Click the Assignment Files tab to submit your assignment.

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Lean Techniques Grading Guide OPS/571 Version 8 Operations Management Copyright Copyright © 2017, 2016, 2013 by University of Phoenix. All rights reserved. University of Phoenix® is a registered trademark of Apollo Group, Inc. in the United States and/or other countries. Microsoft®, Windows®, and Windows NT® are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation. Edited in accordance with University of Phoenix® editorial standards and practices. Lean Techniques Grading Guide OPS/571 Version 8 Individual Assignment: Lean Techniques Purpose of Assignment The purpose of this assignment is so that students can evaluate the lean techniques applied to business in today’s workforce. Note: Students and Faculty seeking more information on this assignment can reflect on Operations and Supply Chain Management: Ch. 14. Resources Required Microsoft® PowerPoint® Content Met Partially Met Not Met Total Available Total Earned 5 #/5 Partially Met Not Met Comments: Selected a business you are familiar with which incorporates lean manufacturing or lean supply chains. Evaluated how this firm uses lean strategies and how much lean techniques has improved the firm’s efficiency. Evaluated ways the firm can go even further to make improvements using lean techniques. Used the learnings obtained from evaluating this firm to apply to your own business or a business you are interested in which currently does not use lean techniques. Developed a 1,050-word report describing your lean evaluation project. Writing Guidelines The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements. Intellectual property is recognized with in-text citations and a reference page. Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper. Met Comments: 2 Lean Techniques Grading Guide OPS/571 Version 8 Writing Guidelines Met Partially Met Not Met Total Available Total Earned 2 #/2 7 #/7 Sentences are complete, clear, and concise. Rules of grammar and usage are followed including spelling and punctuation. Assignment Total Additional comments: # Comments: 3
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Explanation & Answer

Attached.

Running head: LEAN TECHNIQUES

1

Lean Techniques
Name
Institution
Course
Date

LEAN TECHNIQUES

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Lean techniques

Lean techniques of manufacturing refer to the production approaches whose main
objective expresses the decrease of the wasteful procedures or processes which affect the
efficiency of the business. The efficiency of lean techniques is usually determined by its capacity
to reduce the work in progress as well as the inventory relative to the sales. Lean techniques were
established by Toyota in Japan and are aimed at ensuring that there were high quality and high
volume production with less work in progress, inventories as well as finished goods. The lean
technique is usually driven by the truth that wasteful procedures/processes have less or no effect
but they rather affect the efficiency of production process negatively. In addition, lean
production is an essential and effective business tool which ensures that the business promotes its
customer experience as well as competitive advantage. The application of lean techniques with
an objective of creating customer value protects as well as eliminates the production of wastes
within the manufacturing process. The waste products in the manufacturing process can be subdivided as; over-processing, overproduction, inventory, transport, defects as well as waiting
(Belekoukias, et al., 2014).
Generally, the waste products directly affect the production expenses, does not add any
value and do not attract consumers to make payment of the products and services provided by the
given business. Lean production guarantees fewer defects while ensuring that there is quality
perfo...


Anonymous
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