Ask Question
BusinessBusiness
13 March, 13:37

The implementation of best practices to eliminate inefficiencies and waste while increasing profit is:

+4
Answers (1)
  1. 13 March, 13:59
    0
    Lean manufacturing is the implementation of best practices to eliminate inefficiencies and waste while increasing profit. Lean concepts become a lot more intuitive and easy-to-understand when they are traced to the ultimate goal - eliminating waste, it is also describe as a collection of tips, tools, and techniques that have been proven effective for driving waste out of the manufacturing process.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The implementation of best practices to eliminate inefficiencies and waste while increasing profit is: ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What was the interest rate in 2002?
Answers (2)
Fern has preferred stock selling for 93.5 percent of par that pays an 9.5 percent annual coupon. What would be Fern's component cost of preferred stock?
Answers (1)
Problem-solving teams are permanent teams that make recommendations for others to implement. True/False
Answers (1)
You are asked to lead a team that needs to develop many creative solutions for the company's manufacturing problems. what type of leadership style is best for this team?
Answers (1)
Which of the following is not a true statement? A. The all-in-rate a bank charges its customer (s) for accepting drafts includes both the discount rate and the acceptance commission. B.
Answers (1)
New Questions in Business
The major benefit of diversification is the: a. increased expected return. b. removal of all negative risk assets from the portfolio. c. reduction in the portfolio's total risk. d. reduction in the portfolio's systematic risk.
Answers (1)
Dougherty Corporation purchased a new delivery van for use in its dry-cleaning business. As part of the purchase of the van the following costs were incurred: Acquisition cost 30,000, Sales tax 1,800, Title transfer 250, paid to the company logo on
Answers (1)
Horatio Alger is the product manager for Brand X, a consumer product with a retail price of $1.20. Retail margins are 35% while wholesalers take an 11.5% margin.
Answers (1)
Explain what is meant by market research.
Answers (1)
Jean, a restaurant critic, publishes a review in a national daily that the sandwiches served at his friend's deli are usually not fresh. Tom, the owner of the deli, notices a significant decrease in customers after the review gets published.
Answers (1)
Home » Business » The implementation of best practices to eliminate inefficiencies and waste while increasing profit is:
Sign Up Forgot Password?