Briefly describe major types of Waste, out of all types of waste which one is the biggest waste companies must keep in mind during production

Management by Geoffrey

Read textbook chapter 7 or secondary data on the internet and answer the following questions.

Question:

  1. Differentiate between lean Thinking and the JIT model. Why have Manufacturing Companies adopted Lean Thinking and the JIT model? (3.5 Marks)
  2. Briefly describe major types of Waste, out of all types of waste which one is the biggest waste companies must keep in mind during production. (3.5 Marks)
  3. What are the benefits from Suppliers to end users for using lean thinking? Assess the reasons (suitable examples), (3.5 Marks)
  4. The arrival of artificial intelligence. The agile supply chain is a perfect concept for future SCM? Give reasons with suitable examples. (3.5 Marks)
  5. Reference ((1.0 Marks))

Each answer should be within the limit of 250- 300 words.

The Answer must follow the outline points below:

  • Lean Thinking and JIT Concept
  • Agile Supply chain
  • Their Main functions
  • Reasons with suitable Examples
  • Reference