What is lean philosophy? Continuous Improvement Higher output by encouraging people to work harder and have targets.

Fantastic news! We've Found the answer you've been seeking!

Question:

What is lean philosophy?

Continuous Improvement

Higher output by encouraging people to work harder and have targets.

Helps to provide a perfect value through value creation process that has zero waste

Reducing cost and improving purchasing power.

Related Book For answer-question

Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

See More Books

Posted Date: Feb 10, 2024 07:35 AM

See More Questions

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
Nikes approach to managing supplier responsibility has greatly evolved since the 1990s when the media uncovered claims of child labor, underpaid workers, and poor working conditions in several Asian...
By encouraging employees to work harder and to increase quality, are companies lowering overall costs, or are they increasing waste and inefficiency of materials? You have just been hired to work as...
Marketing costs like advertising and sales commissions are Multiple choice question. part of costs of goods sold. part of gross profit. selling expenses
You are a senior manager of a functional area in which a mission-critical system is being developed. How can you safeguard this project from mushrooming out of control?
When a body recovers its original dimensions on removing the external load, it is known as: (a) Elastic (b) Plastic (c) Brittle (d) None of these
Laura Neilson, a job specialist with Vocational and Educational Services for Individuals with Disabilities, responded to an advertisement in a New York newspaper for a position as a shower, a job...
Yang Inc. operates a retail operation that purchases and sells snowmobiles, among other outdoor products. The company purchases all inventory on credit and uses a periodic inventory system. The...
Government spending as a fiscal policy tool is used to: A) ?Decrease the national debt B) ?Directly stimulate economic activity by increasing demand C) ?Reduce inflation D) ?Lower interest rates
What other countries in addition to the united states utilize the restorative justice model? What are the social and ethical implications of utilizing restorative justice practices on a global level?
How do cytokines modulate immune cell communication and signaling pathways, influencing the delicate balance between immune activation and regulation ?
There are several "standard" hotel items/amenities that are not found at Pod Times Square Hotel. Please identify eight items/amenities and describe, in and to your own words, why you believe a hotel...
Prove that additive inverses are unique. [That is, suppose that a is fixed and b and c are elements such that a+b=a+c=0. Prove that b = c.]
Wildcat Pizza is looking toward the future and is considering revising its target capital structure. Currently, they utilize a 50-50% mix of debt and equity, but are considering a target capital...
a) Estimate the given recurrence relation using the recurrence tree method. T(n) = T(7) +T(7) +0(n) b) Solve the given recurrence relations using the master theorem n T(n) = 8T() + (n) & T(n) =...
The Blue Sun Hotel is known for its excellence and customer service. Customers are treated as valued guests, and they return to the hotel because they are emotionally engaged and made feel valued by...
The partnership of Benito, Carlos and Donato earned a net income of P20,000 in 2019. The following are the postings to their accounts in 2019: Instructions: Determine the distribution of the...
Write electron configurations for the following ions, and determine which have noble-gas configurations: (a) Cd2+ (b) p3- (c) Zr4+ (d) Ru3+ (e) As3- (f) Ag+
Consider the following two independent situations: 1. On June 1, Hatch Company received $3,600 cash for a two-year subscription to its monthly magazine. The term of the subscription begins on June 1....
You have been hired as a consultant for Jones Inc. The company manufactures high-density compact disks and sells them to a wide variety of business clients. Management is eager to learn more about...
Big Company purchased Little Company for $290,000. At the time of purchase, the fair value of Little Companys assets and liabilities was as follows: Inventory . . . . . . . . . . . . . . . . . . . ....
The plaintiff [Christine Parent] leased an automobile from Amity Autoworld, Ltd. (hereafter Amity) [in Amityville, New York] in January 2002. Amity sold all its Toyota automobile franchise assets * *...
Iberia Surgical [LLC] was formed, in August 1998, by a group of physicians practicing in Iberia Parish [Louisiana] for the purpose of establishing an ambulatory, outpatient surgery center. * * * Dr....
The Communications Act of 1934 established a system of limited-term broadcast licenses subject to various conditions * * * . * * * [These conditions include] the indecency banthe statutory...

What is lean philosophy? Continuous Improvement Higher output by encouraging people to work harder and have targets.

Question:

Expert Answer:

The detailed answer for the above question is provided below The description you provided aligns wit... View the full answer

Accounting concepts and applications

Students also viewed these general management questions