Tuesday, July 23, 2019
Lean Manufacturing Research Paper Example | Topics and Well Written Essays - 3000 words
Lean Manufacturing - Research Paper Example In manufacturing, the issue of cost has become one of the most significant aspects for majority of organizations. The contemporary period of conducting business has certainly become harder which demands high level of cost efficiency and productivity. Lean manufacturing not only decreases the operational expenses but also enhance organizationsââ¬â¢ attractiveness (Bourque & Fox, n.d.). Lean manufacturing is often recognized in refining functional efficiency. Lean manufacturing is the progression, method, approach and initiative being applied by organizations globally in order to reduce redundant and unproductive activities which can result in extra expenses. Therefore, it enhances the workplace productivity and develops better working environment. The paper will describe the use of lean manufacturing in organizations to save cost and increase efficiency. In order to analyze the issue the paper will discuss three case studies of Toyota, Motorola, and Park Nicollet that operate in different industries, and have successfully improved productivity and reduced costs by implementation of lean manufacturing system in their workplace. Nowadays, economic affordability concerning customer price sensitivity, product quality, and price are gradually motivating organizations to apply lean manufacturing system. International competition is growing in almost every commercial segment. The incorporation of capital market, decline in trade obstructions and increased business expansion where production costs are lesser can be proved as significant obstacles for competition. For any organization, the first mover advantage and rapid response to customersââ¬â¢ requirements, enhancement of product quality, and decrease in production costs in order to keep the price of products low are vital for success in the competitive market. Lean manufacturing with its major concentration on the organized abolition of waste has rapidly
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.