Operations management types
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The aim of a lean/value chain system is to systematically eliminate waste.
Describe at least 5 types of wastes in a service-based organization of your choice, critically discuss the use of value chain analysis as defined by Micheal Porter (Porter's Value Chain) in this particular organization.
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The expert describes at least five types of wastes in a service-based organization of your choice, critically discuss the use of value chain analysis as defined by Micheal Porter (Porter's Value Chain) in this particular organization.
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Operations management
The aim of a lean/value chain system is to systematically eliminate waste
Describe at least 5 types of wastes in a service-based organization of your choice, critically discuss the use of value chain analysis as defined by Michael Porter (Porter's Value Chain) in this particular organization. (The answer should not be to extensive, Brief and to the point)
I need this in the next two hours if possible.
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The company is Toyota. The five types of wastes according to (Lean and the Toyota Production System, 2010) are:
1) Defects
2) Inventory, whether work-in-progress, waiting components and finished product not being processed
3) Moving products when not required to perform the processing
4) Movement of people or equipment more than required
5) Waiting for the ...
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