Fredrick's manufacturing business is finding it difficult to compete with a business that is comparable in size and makes a similar product.He has increased the number of his salesmen to contact potential clients,has a bank that gives him a better interest rate on his line of credit,and utilizes the benefits of day-light-savings time to adjust the lighting in the plant,but these actions seem to be inefficient to make his business competitive.With the facts given,which of the following would be most helpful in improving productivity at his business?

Question

Quizplus · Accepted Answer

Utilizing lean manufacturing techniques is a proven method to improve productivity and efficiency in manufacturing businesses. This approach focuses on identifying and eliminating waste, streamlining processes, and improving overall quality. By implementing lean manufacturing, Fredrick's business can become more competitive and better satisfy customer needs with quality goods and services. Investing more money in equipment, while potentially helpful, may not address the root cause of the competitiveness issue. Similarly, lobbying the government to change policies may not be within Fredrick's power or have an immediate impact on his business.

Fredrick's Manufacturing Business Is Finding It Difficult to Compete with a Business