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Lean Production for Competitive Advantage: A Comprehensive Guide to Lean Methodologies and Management Practices - CRC Press Book.
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Lean manufacturing is an approach designed to eliminate waste and maximize customer value. It is characterized by delivering . Reducing postpurchase costs reduces customer sacrifice and, therefore, increases customer value, creating a potential competitive advantage for a company. Including postpurchase costs in
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Editorial Reviews. About the Author. John Nicholas is professor of operations management at Loyola University Chicago where he teaches in the areas of production and operations management, healthcare management, project management, and global operations management. He first introduced a course on lean
Wal-Mart's ability to provide a variety of goods with reasonable prices gives the company a competitive edge. In other words, successful supply chain management provided Wal-Mart with another competitive advantage. 5. Examples include rapid prototyping, just-in-time (lean) production, and agile manufacturing. 9.
Workers: Lean systems treat workers as assets while traditional production systems view workers as necessary to do the work. 2. The ultimate goal of a lean system is a balanced system, i.e., one that achieves a smooth, rapid flow of materials and/or work through the system, which in turn leads to competitive advantage from
Higher productivity relative to competitors is very important for a nation because it provides the nation with a competitive advantage in the marketplace. In general, service jobs have lower productivity than their manufacturing counterparts do because service productivity is very difficult to measure and, consequently,
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