I’m stuck on a Management question and need an explanation.
Lean Operation defined as Eliminates waste through continuous improvement and focus on exactly what the customer wants.
Question: Using research during site visits at your chosen business environment or a company you are familiar with, please gather, interpret and analyze the current state of business operations to strategize methodology to achieve the three principles (eliminate waste, remove variability, and improve throughput) of lean. Please defend your answers on a tactical level by explaining how these recommendations (proposed methodology when applied conceptually) will balance cost and quality.
• Introduction – describe the company in general and what it does
• Using the three principles as section headings, analyze the company along each principle
• Conclusion – is the company balancing cost and quality? Why or why not?
Cite your source in APA format.