Question: Please help answer ALL SOALAN LIMAIQUESTION FIVE (15 MARKAH/MARKS). 1) What is lean management from Toyota's organization perspective? List down FIVE (5) elements of lean

Please help answer ALL SOALAN LIMAIQUESTION FIVE

Please help answer ALL

SOALAN LIMAIQUESTION FIVE (15 MARKAH/MARKS). 1) What is lean management from Toyota's organization perspective? List down FIVE (5) elements of lean management and briefly explain about them that brings successful to the company that adopted it. (10 markah/marks) 2) Biona Enterprise usually gets everyday order of a hundred dozen units while the production can make triple amount of the orders. Thus, any surplus must be deposited in the storage with a cost of $9.50 per unit. Once order takes place, the enterprise will serve it within four working days at $200 for the delivery charges. The enterprise works five days a week and closes it operations three weeks per year while keep some stocks approximately 3% of the yearly demand. (5 markab/marks) a) Find the optimum value of ordering. b) The size of Kanban c) How frequent the enterprise should deliver the orders in a six-month period

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