examples of lean services. Lean production refers to the approach of the management aiming to cost-cutting by providing quality products to the customer by an efficient handling of input. In this approach, the management does not add any value-added thing to the production product and tried to eliminate or minimize the additional cost such as holding cost, transportation cost, stocks, and overproduction. As a result of lean production, products and services are delivered faster, at low cost, and in more varieties.

Question

Want to see the full answer?

Answer 1

Question

Chapter 16, Problem 28Q

Summary Introduction

To identify: examples of lean services.

Lean production refers to the approach of the management aiming to cost-cutting by providing quality products to the customer by an efficient handling of input. In this approach, the management does not add any value-added thing to the production product and tried to eliminate or minimize the additional cost such as holding cost, transportation cost, stocks, and overproduction. As a result of lean production, products and services are delivered faster, at low cost, and in more varieties.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Read the project statement and answer ALL of the questions that follow PROJECT STATEMENT The African Integrated High-Speed Railway Network (AIHSRN). African nations are preparing to invest billions in a significant overhaul of their rail infrastructure as part of an ambitious plan for the continent. One of the key projects underway is the African Integrated High-Speed Railway Network (AIHSRN), which aims to connect Africa's capital cities and major commercial centres with a high-speed railway network to enhance continental trade and competition. This network will span 2,000 km (1,243 miles) and connect 60 cities, including Nairobi, Lagos, Cairo, and Dakar. It will improve access to essential markets, enhance economic cooperation, and encourage regional collaboration. The plan is poised to revolutionise intra-African trade by reducing travel times and lowering transportation costs, making trade between African nations more competitive. The trains will be capable of reaching speeds of up…

In the Sally Soprano case, Sally's agent prepares the potential issues to be discussed before the negotiation. Which items) may be on the list? Sally's salary and publicity Work-related benefits and incentives such as a hotel suite accommodation, limousine transportation, flower arrangements in the dressing room Future contracts and collaboration Rehearsal setup and arrangements All of the choices

Summarize chapters 1 through 8 of the book "food and beverage cost control"