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What are the total costs of adopting lean? production

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Corporation manufactures snowboards. The? CEO, is trying to decide whether to adopt a lean production model. He expects that adopting lean production would save $107,000 in warehousing expenses and $45,500 in spoilage costs. However, adopting lean production will require several? one-time up-front? expenditures: (1) $ 14,500 for an employee training? program, (2) $ 41,500 to streamline the? plant's production? process, and? (3) $ 7,000 to identify suppliers that will guarantee zero defects and? on-time delivery.

Questions

Question 1: What are the total costs of adopting lean? production?

Question 2: What are the total benefits of adopting lean? production?

Question 3: Should Corporation adopt lean? production? Why or why? not?

Reference no: EM132540062

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