Question

Summarize the applications of Lean supply chains or Value stream in your company. I prefer manufacturing company.

Answer 1

APPLICATIONS OF LEAN SUPPLY CHAINS TO A MANUFACTURING COMPANY :

1. QUALITY IMPROVEMENTS: THE FIRMS WHICH USE LEAN SUPPLY CHAINS ARE ABLE TO IMPROVE QUALITY BY IDENTIFYING PROBLEMS QUICKLY SO THAT THEY ARE QUICKLY ADDRESSED AND MINIMUM REWORK AND MAXIMUM QUALITY IMPROVEMENT. THE FIRM CAN IMPROVE THE QUALITY UP TO 85 % AND CAN REDUCE THE DEFECTS UP TO 20%.
2. INCREASED PRODUCTIVITY: WHEN LEAN SYSTEMS ARE APPLIED, BEST USE IS MADE OUT OF THE AVAILABLE RESOURCES, REDUCING THE WASTE AND NON-VALUE-ADDED ACTIVITIES. PRODUCTIVITY CAN BE INCREASED UP TO 30 %.
3. CUSTOMER SATISFACTION: LEAN SYSTEMS HELP IN REDUCING LEAD TIMES WHICH WILL HELP IN MORE TIMELY DELIVERY OF PRODUCTS TOI CUSTOMERS AND THEIR SATISFACTION WILL BE ENHANCED. THE LEAD TIME CAN BE REDUCED TO 90 %.
4. REDUCING OPERATING COSTS: LEAN WAYS REDUCES THE COSTS SUBSTANTIALLY. FOR EXAMPLE, WHEN THE LEAD TIME IS LEESENED, THE COST OF DELIVERY IS ALSO REDUCED. THEREFORE LEAN SYSTEM CAN BE APPLIED TO REDUCE COSTS.
5. WASTE ANALYSIS: BY USING LEAN SYSTEMS, WASTES CAN BE REDUCED, CAN BE ANALYSED IF THEY CAN BE REUSED IN ANY WAY. THIS WILL FURTHER REDUCE THE COSTS AS WELL.