Why Companies adopted Lean Thinking

 

 

Question:
1. Why Companies adopted Lean Thinking and JIT model? (1.5 Mark)
2. Discuss major types of Waste, companies has to keep in mind during production. (1.5 Mark)
3. Due to pandemic COVID 19 emergency, do you think agile supply chain is the right concept in this kind of situation? Give reason with example. (1.5 Mark)
4. Reference (0.5 Mark)

 

 

 

 

Sample Solution

Why Companies adopted Lean Thinking

Lean thinking is a business philosophy that can be applied to every aspect of an organization and drive better results. The core idea behind lean is to maximize customer value while minimizing waste. The business benefits of lean are achieved because there is less process waste, reduced lead time, and less work. The Just-in-Time (JIT) inventory is a stratagem that manufacturers utilize to increase efficiency and decrease waste by receiving goods only as needed. JIT model lets manufactures reduce their overhead expenses while always ensuring that parts are available to manufacture their products. This allows a company`s customers to be better served, while, at the same time, lowering the cost of doing business. Waste is any activity that uses resources but doesn’t add value for the end customer, and can therefore be eliminated. The major types of waste companies has to keep in mind during production include: waste of inventory, waste of motion, waste of overproduction, waste of overprocessing, and waste of defects.

While a set of frameworks complement and build on each other, the delineation of the concept focuses heavily on vertical versus horizontal dimensions in a time-sliced fashion. That is, time dimension in accountability has not been of primary importance. However, it is worth noting that the time dimension is closely interrelated with a series of conceptual distinctions made in previous literature, and it may cover complementary aspects of the question concerning two sequential lines represented by administrative responsibility versus political accountability. First, the positioning of accountability actors depends on the time dimension. Civil servants usually have longer terms to serve the public interest over the long term. At the same time, they are responsible to the elected representatives of the public who tend to have “a limited time horizon” and “prefer policies that yield tangible benefits for constituents in the near term” (Posner, 2004: 137). For this reason, the priorities expressed by elected officials may be far more related to short-term issues and temporal problems instead of long-term solutions, whereas the long-lasting forms of civil service personnel would prioritize sustainable solutions to secure a long-term perspective of the citizens, both current and in the future. Second, the time frame is essential to distinguishing between two main streams of accountability. Accountability mechanisms focus predominantly on retroactive accountability for the past outcomes, while accountability as a virtue takes a proactive approach to ensuring ethical behaviors in the future. The timeline is also useful to distinguishing between ex ante accountability of the decision-making process leading up to the decision and ex post accountability where the results available from the decision already taken or where questions of compliance are identified and addressed. In other words, ex ante accountability refers to being accountable for the decision before an administrator act, while ex post accountability is suggestive of situations where administrators are accountable for the outcome of their decisions. For example, the focus of traditional bureaucratic administration is very much

This question has been answered.

Get Answer
WeCreativez WhatsApp Support
Our customer support team is here to answer your questions. Ask us anything!
👋 Hi, Welcome to Compliant Papers.