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Lean production enhance product value for customers

I need help with these questions from my teacher:

1. How does lean production enhance product value for customers? and why?

2. How can services benefit from waste reduction? and why?

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1. How does lean production enhance product value for customers? and why?

Research shows that Lean Production simply means doing more with less: less time, inventory, space, labor, and money. There are five areas that drive lean production or manufacturing: cost, quality, delivery, safety, and morale. Lean production enhances product value for customers with efficient communication, coordination, responsiveness, and overall system optimization. The 'Lean Enterprise' encompasses the entire production system, beginning with the customer, and includes the product sales outlet, the final assembler, product design, and all tiers of the supply chain (to include raw material mining and processing). Good 'lean' systems are highly dependent on the demands of its customers and the reliability of its suppliers. No implementation of lean manufacturing ...

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This solution discusses how lean production enhances product value for customers.

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