Operations Management: Sustainability and Supply Chain Management, Twelfth Edition

Summary

Lean operations, including JIT and TPS, focuses on continuous improvement to eliminate waste. Because waste is found in anything that does not add value, organizations that implement these techniques are adding value more efficiently than other firms. The expectation of lean firms is that empowered employees work with committed management to build systems that respond to customers with ever-increasing efficiency and higher quality.

Key Terms

• Lean operations (p. 638)

• Just-in-time (JIT) (p. 638)

• Toyota Production System (TPS) (p. 638)

• Seven wastes (p. 638)

• 5Ss (p. 639)

• Variability (p. 639)

• Throughput (p. 640)

• Manufacturing cycle time (p. 640)

• Pull system (p. 640)

• Supplier partnerships (p. 640)

• Consignment inventory (p. 642)

• Lean inventory ...