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Ciarniene and vienazindiene explain that lean manufacturing

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Ciarniene and Vienazindiene explain that lean manufacturing is a business management theory that integrates a collection of principles, tools, and systems into business processes with a goal of increasing value for customers while reducing the number of resources consumed and cycle times to product construction by eliminating waste from the product's value-stream. What do you believe are the three most significant advantages of lean manufacturing? Why? Can this approach be used in non- manufacturing industries? Why or why not? How might this approach affect company profitability, cash flow, and/or organizational design? Support your view.

Reference no: EM132176377

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