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Just-in-time as continuous process improvement program

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Just-in-Time as a continuous process improvement program details seven wastes that take away from the profitability and efficiency of a company. Discuss examples of each of these seven wastes. Try to use a different example for each waste. Additionally, for each example, explain how the waste is adversely affecting the company and what can be done to remedy the situation.

Forecasting obviously has impacts on the entire supply chain. As supply chains become more "Lean," discuss the effects of the bullwhip concept on lean supply chains. Is there a correlation between Lean and Just-in-Time and forecasting? Justify your answer with examples.

Reference no: EM132827283

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