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Q. 2OQ

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Operations And Supply Chain Management
Found in: Page 368
Operations And Supply Chain Management

Operations And Supply Chain Management

Book edition 14th
Author(s) F. Robert Jacobs
Pages 800 pages
ISBN 9780078024023

Short Answer

What term refers to the optimization of value-adding activities and elimination of non-value-adding activities that are part of a value stream?

Lean refers to the optimization of value-adding activities and elimination of non-value-adding activities that are part of a value stream.

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Step by Step Solution

Step 1: About value-adding and non-adding activities

Value-adding activities are those activities for which the customers are willing to pay and non-adding activities are those activities for which customers are not able to pay that only add extra cost and time.

Step 2: About Lean Production

Lean production is one of the best tools for implementing green strategies and service processes. The lean manufacturing process is used to increase productivity or profitability and also helps to reduce cost.

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