What are the positives and negatives of the private and public sector?

Q: What are three to five key events that have impacted business practices?

A: Companies are globalizing their businesses, but several factors affect their daily business…

Lean Production

The word lean refers to the “slim “that is used in manufacturing for the systematic designing that focuses on minimizing the waste in the manufacturing or production with the constant productivity of the operation. Lean manufacturing was rooted from Toyota Production system a Japanese manufacturing company that works on the approach of minimizing the non-value-added activities and making the production lean.