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Lean Supply Chain Management

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What is lean supply chain management? How does that figure into the future of supply chain management?

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Solution Summary

The response provides you a structured explanation of lean supply chain management and its applicability to future supply chains. It also gives you the relevant references.

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You should consider Lean supply chain management as a method by which businesses eliminate waste and non-value added activities from their supply chain(1). There are several areas in the supply chain where waste can be identified and eliminated. These areas are procurement, manufacturing, inventory, transportation, and warehousing. The approach to waste elimination makes use of the SCOR model or planning, sourcing, making, delivering and returning. For example, in case of delivering the transportation has to be optimized so that fuel and other costs are minimized. In case of returns, the company will seek to minimize shipping ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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