Practical Operations Management
Practical Operations Management
2nd Edition
ISBN: 9781939297136
Author: Simpson
Publisher: HERCHER PUBLISHING,INCORPORATED
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Chapter 12, Problem 4DQ
Summary Introduction

Interpretation: As the lean system is also considered as the just-in-time system and the earlier approaches to inventory control is sometimes called just-in-case systems than the meaning of just-in-case in this case.

Concept Introduction: Lean is nothing but the sequence of management practices to enhance the performance and effectiveness by eradicating waste. The ultimate goal of the lean principles is to minimize or eradicate non-value adding activities, assets, and waste.

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