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1. Reduction  of wastes ( defects  scrap and rework  ) and  increased ability to remain  competitive  through  customer focus and  delivering superior performance of both goods  and / or  services in terms of cost service and  quality.

2. There is a massive reduction in  work  in process which  results in lower  space requirements.

3. Stronger and more  reliable working relations with  suppliers.

4. Higher profits  reduction  in lead time  to customer and improved customer  satisfaction.

5. Improved working relations between  employees.

6. Fewer inventories of raw  materials.

7. Increased flexibility lower  costs  and  higher  productivity .

8. Improved quality.

 

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M9525373

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