Reference no: EM132331333

1. 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.

2. In business, measuring success is the core of continuous improvement. Five primary indicators are used to assess the success of progress in a lean transformation: (1) elimination of waste, (2) continuous improvement, (3) continuous flow and pull driven systems, (4) multifunctional teams, and (5) information systems. How could a company measure and institutionalize the assessment of two indicators to accurately reflect the success of a lean manufacturing implementation? Explain. How might the assessment be applied to a non-manufacturing environment? Support your position.

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