QLThe main purpose of applying lean concepts to an n is to reduc application in
ID: 361685 • Letter: Q
Question
QLThe main purpose of applying lean concepts to an n is to reduc application in business, there is risk associated with lean implementation as well. Using an example from any industry of your choice, and thinking from a holistic perspective, explain if you think applying lean principles would increase or decrease the overall risks associated with an organization? Clearly explain which risks you are considering and also your logic that made you come to a decision about whether you think implementing lean is a risky initiative to undertake or not in the industry you chose. Please explain with a specific example. (4 points)Explanation / Answer
Industry chosen: Automobile
Lean production took the manufacturing industry to a whole new level providing with waste reduction and continuous process improvement.
There are a lot of companies who have successfully implemented lean methodology but there are many which have failed to do so.
There are various risk associated while implementing lean these risk can arise due to lack of understanding of the process or the inherent risks within the process itself.
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