Advantages of Lean Manufacturing 1. Reduce in Waste Lean manufacturing refers to the techniques‚ processes and strategies taken by organizations all over the world in order to reduce unproductive and useless tasks‚ functions and behaviors in work environment. It helps to reduce operational costs and aims to boost‚ reinstate and raise the competitiveness of an organization. There are seven types of waste within the work environment which lean manufacturing strives to reduce‚ if not remove totally
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Case Study - Enterprise Rent-A-Car 1. How has Enterprise Rent-A-Car (ERAC) defined its service differently than that of the typical national car rental company? Basically‚ ERAC focuses on customers’ convenience. In order to support their convenience‚ ERAC has established a lot of its branches over the regions‚ which makes the company offer rental service within 15 minutes. In addition‚ it provides customers shuttle service to bring them at their homes‚ offices‚ or repair shops without fee. So‚
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Management Principles and Practices 1 Case Study: Enterprise Rent-A-Car Management principles and practices 1 Case Study: Enterprise Rent-A-Car Question 1 G reat companies require effective managers and leaders to guarantee success. But what are the differences between management and leadership? The market is changing so rapidly that products and services that successfully met consumer tastes and needs a few years ago are obsolete today. Proactive leadership must constantly monitor environmental
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Lean & Personal Development Paper #4 Sustaining Lean and Kaizen 10 November 2012 Abstract As the end of the Lean management course nears‚ the value of the course is about to be unleashed. The highest value in my opinion in learning lean management is to implement lean in one’s personal life. This paper describes the five lean principles in general and further details how I would apply three of the five principles in my personal life. Introduction There are five key principles
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IT Enterprise Architecture Introduction Having a complete and well documented Information Technology Enterprise Architecture allows for an organization to make effective decisions about which IT projects to pursue and the technology or products to use in the implementation. What Is Enterprise Architecture? The first phase of the Systems Development Life Cycle (SDLC) is called Project Identification and Selection. It is in this initial phase that potential projects are identified
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MOOKETSI MAIKETSO | [ENTERPRISE STRATEGY] | Student no. 100231231 Lecture; Mr. Aubrey Mbewe | table of contents Introduction 2 background 3 1.0 The entrepreneur 4 1.1 The motivation for starting the business 4 1.2 Forejustin Passman’s character traits 5 1.3 MR Passman’s personality type 5 1.4 Decision making and leadership style 6 1.5 Leadership style 6 1.6 Mr Forejustin Passman’s role within the business 7 1.7 Entrepreneurial networking 8 1.8 Innovation 9 2.0 The enterprise 11 2.1 Business strategy
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LEAN OPERATIONS & JIT Lean Operations – moving towards the elimination of all waste in order to develop an operation that is faster more dependable‚ produces higher quality products and services and operates at a low cost. In general‚ Lean can be viewed as a philosophy of operations management‚ i.e. it gives a clear view which can be used to uide the way operations are managed in many different contexts. Several techniques are used to support this philosophy. (JIT techniques) The Lean approach
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2.4. Small Medium Enterprises (SMEs) Small Medium Enterprises (SMEs) do not have a stable definition because it varies on the economic status of each country. Generally‚ SMEs are divided into two: small enterprises and medium enterprises. In the developing countries‚ the employment level for micro enterprises should be less than 10. Small enterprises should range from 10 to 49 while large enterprises should range from 50 to 249 (Hussain‚ et al.‚ 2012). It was specified by the European Commission
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(Weerarantne‚ 2004). In order to counter this Government of Sri Lanka initiated Lean training workshops in order to improve the productivity of the Apparel industry as a whole (Charlesdagher‚ 2011) Background of Study Lean strategy involves eliminating waste from the production process‚ thus achieving higher level of quality‚ productivity and better customer competiveness (Nicholas‚ 1998). Formal writing on the concept of lean began in Toyota and was known as the Toyota Production System. The Toyota
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CASE 6–19 The Case of the Plummeting Profits; Lean Production Required: 1. What characteristic of absorption costing caused the drop in net operating income for the second quarter and what could the controller have said to explain the problem? With absorption costing the net operating income relies on both production and sales so he was correct in his explanation‚ however he could have maybe explained better how since they had an under applied amount of overhead from their reduction in produced
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