What obstacles full adoption of lean purchasing by us firms

Assignment Help Management Theories
Reference no: EM13920097

What are some of the obstacles to full adoption of lean purchasing by U.S. firms? What are some ways of overcoming them?

In lean purchasing the supply manager works with suppliers and vendors to create a better method or way to constantly improve the aspects any process that entails products or services. The hope is to create a perfect process. In order to do this, U.S. firms may have difficulty moving from mass-production to a new set of skills. No longer would firms just accept the quality, transportation, delivery, and pricing offered by the current supplier. By incorporating lean purchasing there would be constant change and improvement. The main idea is to not be wasteful and to use every potential benefit to it's fullest.

For example, it is in Japan's culture of eliminating waste and having respect for people. This may not necessarily be the U.S.'s top priority right now but it certainly could be. Some ways that the U.S. could overcome this is by looking into any problems that need solved. One helpful way would to incorporate value stream mapping to help visualize any processes to pinpoint whether or not there is waste occurring. It would be important to constantly communicate with the suppliers and to create a lean supply chain to have an easy flowing process.

Reference no: EM13920097

Questions Cloud

Describe how present and future values concepts apply : Describe how present and future values concepts apply to your income and expenses and ultimately your personal budget, income statement, and balance sheet
Will all businesses have the same type of accounts : Will all businesses have the same type of accounts? Explain your answer.
Sources of ethical behavior or legal viewpoints : This paper should outline the current ethical issues, sources of ethical behavior, legal viewpoints that relate to the issue or situation. Lastly this paper will outline suggestions for corrective action pertaining to the situation.
Liquidity premium on the corporate bond : A tresury bond that matures in 10 years has a yield of 6%. A 10 year corporate bond has a yield of 9%. Assume that the liquidity premium on the corporate bond is 0.5%. What is the default risk premium on the corporate bond? Show work please
What obstacles full adoption of lean purchasing by us firms : What are some of the obstacles to full adoption of lean purchasing by U.S. firms? What are some ways of overcoming them?
The dividend is expected to grow at constant rate : A broker offers to sell you shares in Bay Area Healthcare, which just paid a dividend of $2 per share. The dividend is expected to grow at a constant rate of 5 percent per year. The stock’s required return is 12 percent. What is the current value of ..
Businesses begin as a sole proprietorship : There are several different ways to enter into a business and thus it is important to understand each type of business and the advantages and disadvantages of each. Most businesses begin as a sole proprietorship, specifically smaller businesses an..
How many bits are needed for the opcode : How many bits are needed for the opcode and how many bits are left for the address part of the instruction?
Linear programming case study : Your instructor will assign a linear programming project for this assignment according to the following specifications. It will be a problem with at least three (3) constraints and at least two (2) decision variables. The problem will be bounded a..

Reviews

Write a Review

Management Theories Questions & Answers

  What was the total customer response time

Processing (manufacturing) time is 20 days for this order. The completed order was then shipped ten days later. For this order, what was the total customer response time (CRT)?

  Values-based service brands narratives from ikea

Read the article "Values-Based Service Brands: Narratives from IKEA" by Edvardsson from the readings for this module. Using IKEA as the company in point, conduct research, using the Argosy University online library and the Internet, to better underst..

  How many milligrams of phosphorus are required

How many milligrams of phosphorus are required?

  Teenage worker in a fast food hamburger store was operating

A teenage worker in a fast food hamburger store was operating the french-fry machine. As normal, the grease was bubbling as the fresh cut potatoes were inserted to be fried. The young worker dropped his ballpoint pen into the boiling grease...

  Information on the job outlook

Look through current newspapers, magazines, the web and so on, and get the best available information on the job outlook for this year's college graduates. You should show variations by geographic areas, degree, and schools. Present your findings ..

  The united states is a nation of immigrants

CST , and it is important to respond to all questions on each section base on  U.S laws . The similarity scores cannot be more than 15%, and a reference page is require at the end of each section . It is critical that all questions and bullet points ..

  Why is visual literacy important

Why is Visual Literacy Important

  There a good connection between the company messaging

There a good connection between the company messaging and the employees, or is there a level of disconnect?

  Time for a personal question: do you like your job

Time for a personal question: do you like your job?

  Describe the recommended change

Describe how the HR program /policy / process / procedure / initiative that has been proposed should be changed.Describe three (3) reasons why this change is important to make.Describe the recommended change.

  Charging high interest rates on loans

Explain the measures that need to be taken to tame banks against charging high interest rates on loans especially in developing economies.

  List and explain the 4 pillars of sms

List and explain the 4 Pillars of SMS.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd