Question: How do smart factories and lean manufacturing differ from other manufacturing technologies? Why are these new approaches needed in todays environment? Lean concepts such as

How do smart factories and lean manufacturing differ from other manufacturing technologies? Why are these new approaches needed in todays environment?

Lean concepts such as continuous improvement and waste reduction have long been used by manufacturing companies. Discuss how service firms can apply the same concepts. Why do you think many service companies are adopting these ideas?

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