Differentiate between lean thinking and the jit model

Reference no: EM133472009

Case Study: To meet all the challenges organizations, try to introduce different manufacturing and supply techniques. Management of organizations devotes their efforts to reducing manufacturing costs and improving the quality of the product. To achieve this goal, different manufacturing and supply techniques have been employed. The last quarter of the 20th century witnessed the adoption of world-class, lean and integrated manufacturing strategies that have drastically changed the way manufacturing firms leads to improvement of manufacturing performance (Fullerton and McWatters, 2002).Read textbook chapter 7 or secondary data on the internet and answer the following questions.

Question 1. Differentiate between lean Thinking and the JIT model. Why have ManufacturingCompanies adopted Lean Thinking and the JIT model?

Question 2. Briefly describe major types of Waste, out of all types of waste which one is the biggest waste companies must keep in mind during production.

Question 3. What are the benefits from Suppliers to end usersfor using lean thinking?Assess the reasons (suitable examples),

Question 4. The arrival of artificial intelligence. The agile supply chain is aperfect concept for future SCM? Give reasons with suitable examples.

Reference no: EM133472009

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