In: Operations Management
What is lean supply chain management? What does this strategy offer businesses? (e-business)
Lean supply chain management defines how should a well designed
supply chain must operate and deliver products quickly to the end
customer with the wastage to be minimum. Organisations which try to
become lean will definitely benefit from this systematic approach
towards building and managing a supply chain.
This strategy offers e-business many benefits searches it
facilitates the operation of supply chain creating a cycle which
ultimately translates into superior financial performance of of the
company. Companies which are having a lean supply chain are able to
to leverage their own journey easily delivering better customer
value by responding more efficiently quickly and predictably
towards the needs of the customer. Lean supply chain management is
a great enabler for companies which try to become more lean and
efficient in their operations of supply chain.A Recent research has
shown that lean supply chain and financial performance have
virtually all the winning business strategies and supply chain
strategies at their core which provide them a competitive
edge.
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