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Essay on u1 assessment

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Assessment
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Please note that this Assessment document has 11 pages and is made up of 3 Sections.

Name: Fay Brotherston

Section 1: A lean environment [LO1]
This section will help you to evidence Learning Outcome 1: Understand the concept of a …show more content…

The shop only carries stock that it requires – it does not store surplus stock in a warehouse. This means that it must buy often but also that it does not tie up any money in holding stock, or paying for warehouse premises or warehouse staff.
Food R Us does not have any promotional displays at the tills, or at the ends of aisles.
Type your explanation below.

1 Improved productivity: improving the efficiency will help the organisation to produce more products/ goods for the same overheads, whilst earning better profits

2 Reduced waste: With improved systems there would be reduction in waste and fewer defects in the products. This will help in adding to the profits. Logistical improvements will help in better organisation of physical space required and viable transportation and reduction in the waiting times for the materials required, thus giving lesser room for wasting time.

3 Improved lead time: The business process will be able to able to respond quickly with fewer delays. It also ensures timely availability of the product in the market.

4 Improved stock turns: If they is less stock pile in the form of inventory of finished goods, it will automatically help in reducing the cash tied up with that stock. It ensures fewer borrowing from the bank of other financial institutions. With the availabiliy of cash, more money can be spent on producing essential goods.

5 Improved customer service: It

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