Question
Which of the following best explains the primary
objective of lean manufacturing?Solution
The core aim of lean manufacturing is to systematically eliminate waste (muda) while maintaining or even enhancing productivity. Lean emphasizes: • Continuous improvement (Kaizen) to streamline workflows and remove inefficiencies. • Waste reduction in areas like time delays, excess inventory, overproduction, and defects. • Enhancing quality and value to the customer by focusing only on processes that add value. • Reducing overall costs and production time, making operations more competitive. Hence, the key principle of lean manufacturing is to use fewer resources compared to traditional mass production methods while maximizing efficiency and quality.
Who is a financial creditor under the IBC?
As per LLP act, body corporate includes -
What does Article 231 of the Indian Constitution provide for?
What are the obligation of person enjoying benefit of non-gratuitous act:
Where should the payment be applied in case the debt to be discharged is not indicated as per the provisions laid down under the Contract Act?
A mediated settlement agreement is
In which of the following cases the constitutional validity of Securities act, 2002 has been tested in accordance with some of the sections of Transfer ...
In which stage can the Court allow payment of court-fee if it has not been paid initially?
Which of the following is not true about High Courts in India?
When more persons than one are being tried jointly for the same offence, and a confession made by one of such persons affecting himself and some other o...