Which of the following contributes to the competitive advantage enjoyed by firms using lean production?
A)Backup employees to cover for absenteeism
B)100% inspection to remove defects
C)Dedicated equipment to reduce unit costs
D)Safety stocks to prevent stock-outs
E)Greater flexibility to cope with change

Question

Quizplus · Accepted Answer

Greater flexibility to cope with change is a key element of lean production and contributes to the competitive advantage of firms using this approach. Lean production emphasizes continuous improvement and the elimination of waste, which can lead to greater adaptability and responsiveness to changes in customer demand or market conditions. This can help firms maintain a competitive edge by allowing them to quickly and efficiently adjust their operations to meet new challenges or opportunities. The other options listed (backup employees, 100% inspection, dedicated equipment, safety stocks) are either not specific to lean production or may actually contradict lean principles by adding unnecessary costs or inefficiencies.

Which of the Following Contributes to the Competitive Advantage Enjoyed