Question: These real-world applications echo your assertion that shorter lead times, combined with technology and strategic planning, allow for greater responsiveness and leaner operations. However, as
These real-world applications echo your assertion that shorter lead times, combined with technology and strategic planning, allow for greater responsiveness and leaner operations. However, as you and others have pointed out, this must be balanced carefully with risk management strategies, especially in uncertain or highly variable environments. How can smaller businesses with limited technological resources emulate the lead-time reduction strategies of industry giants like Toyota or Amazon without overextending their capabilities
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