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Week 7 DQ: Contemporary logistics

Week 7 DQ: Contemporary logistics

Q 4. What is meant by a "lean" philosophy and why should organizations carefully consider potential trade-offs before adopting a lean philosophy?

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Lean is a methodology of business by which value flow to the consumer is promoted through 2 tenets of guiding: Respect for people and improvement in a continuous manner. Lean can be regarded as a discipline and philosophy both that increases information access to make sure responsible making of a decision in the service of customer value creation at their core. The philosophy of lean was formed in the mid-’50s by the Japanese and companies nowadays use it globally (Leite & Vieira, 2019). The philosophy of lean was nurtured and conceived in an environment where terrorism is limited, regional or local outsourcing is done, and prices of fuel are low, very much different from the environment of today.