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Classic industries manufactures iphone case covers. Ruth Rome, the CEO, is trying to decide whether to adopt a lean thinking model. She expects that adopting lean production would save $87,000 in warehousing expenses and $47,000 in spoilage costs. Adopting lean production will require several one-time up front expenditures $27,000 for an employee training program, $36,000 to streamline the plants production process and $8,500 to identify suppliers that will guarantee zero defects and on time delivery.
Problem 1: What are total costs of adopting lean production?
Problem 2: What are the total benefits of adopting lean production?
Problem 3: Should the company adopt lean production? Why or why not?
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