Lean supply chain management principles and practices
An example of the gain from the application of lean practices in the supply chain is that it allows organizations to achieve greater reliability, the sharp reduction in inventories [17, 18.Lean Supply Chain Management Learning Points Lean supply chain management represents a new way of thinking about supplier networks Lean principles require cooperative supplier relationships while balancing cooperation and competition Cooperation involves a spectrum of collaborative relationships& coordination mechanisms lean supply chain management principles and practices
In global supply chain and outsource scale, Information Technology is necessary and can deal with most of hard lean practices to synchronise pull system in supply chains and value system. The manufacturing industry can renew and change strategy of production just in time.
Conclusion. Lean supply chain management requires businesses to examine every process in their supply chain and identify areas that are using unnecessary resources, which can be measured in dollars, time or raw materials. This will improve the company's competitiveness as well as improve the company's overall profitability. The Lean Supply Chain is a system of interconnected and interdependent partners that operate in unison to accomplish supply chain objectives. There should be metrics involved to monitor these objectives to ensure success across the supply chain. These metrics should be reviewed frequently to ensure supply chain success.lean supply chain management principles and practices Supply Chain Management 1. Executive Summary 2. Introduction to Operations Management Operations management is the planning, scheduling and controlling of the activities that transform inputs by way of the raw materials, capital, machinery, labour, information and time in to outputs in the form of products and services of higher value than the inputs.