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This 3 page paper defines lean and flexible firms, outlines the advantages and disadvantages before determining which model may be the best for the current competitive environment. The bibliography cites 3 sources.
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3 pages (~225 words per page)
File: TS14_TEleanfr.rtf
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but also has drawbacks to the system, to determine which model is best both have to be considered. A lean firm may also be known as a flow firm.
The producing is stimulated by demand from the customers, responding to orders rather than making use of forecast to produce required stock. A lean firm will not have inventory stores,
meaning a lower level of required working capital and less space taken up with storage, the focus will be on the best and most efficient way of completing and order
when it is received (Eagles, 2000). There are a number of studies which all indicate this can increase productivity levels and reduce wastage, showing goods produced are likely to
be higher quality, and the production cycle speed increases (Eagles, 2000). Here are many similarities between a lean form and those who use techniques such as kaizen and "just in
time management and kaizen, tools that can be used to implement total quality management (TQM) (Thompson, 1998). One of the example of lean production is cites as Burger King,
where burgers are only put together as they are ordered, but can be undertaken in an efficient manner so the customer does not have to wait (Eagles, 2000). This is
a simple example of a lean operation. Dell may also be seen as an example, with the way the computers are built to order when a customer gives the specification,
rather than stock piled. However this is not a particularly popular model. In the US a centre of lean management is the Toyota Supplier Support Center located at Erlanger.
The centre offers a free consulting service fort other organisations looking at adopting lean techniques, both commercial and non profit organisations are welcome to use the service (Eagles, 2000). However,
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