How might this approach affect company profitability, cash flow, and/or organizational design?
1. Ciarniene and Vienazindiene explain that lean manufacturing is a business management theory that integrates a collection of principles, tools, and systems into business processes with a goal of increasing value for customers while reducing the number of resources consumed and cycle times to product construction by eliminating waste from the product’s value-stream. What do you believe are the three most significant advantages of lean manufacturing? Why? Can this approach be used in non- manufacturing industries? Why or why not? How might this approach affect company profitability, cash flow, and/or organizational design? Support your view.
2. Ciarniene and Vienazindiene explain that lean manufacturing is a business management theory that integrates a collection of principles, tools, and systems into business processes with a goal of increasing value for customers while reducing the number of resources consumed and cycle times to product construction by eliminating waste from the product’s value-stream. What do you believe are the three most significant advantages of lean manufacturing? Why? Can this approach be used in non- manufacturing industries? Why or why not? How might this approach affect company profitability, cash flow, and/or organizational design? Support your view.
***Doctorate Questions*** No Plagiarism….Paraphrase the content, and provide Citations and References for each source provided….Please provide a substantive response for EACH question. Each question should have a word count of 150 words or more….Please provide appropriate foundation knowledge, be factual, and enhance the dialogue….Please do not recite the same words just to provide word count….
