Reading Time: 5 minutes Show The term ”supply chain” may sound complex, but it just means a system that allows a manufactured product to reach a consumer in one or more steps. A typical supply chain network for a product will consist of a raw materials supplier, a manufacturer, a distributor, a retailer, and a consumer. Depending on who you are and where you are in the chain, you will mostly likely have an upstream (your suppliers, which could be production lines or simply the people you purchase from) and a downstream (your consumers, who are the people you sell to or your disposal mechanisms). To build an efficient business supply chain, it’s important that you familiarize yourself with the following concepts:
Supply chain and logistics are a discipline so vast that it is better to take our time exploring it in parts. And to that end, we have focussed only upon those terms that we felt are helpful to SMBs. Since you have made it to the 20th term, here’s one more term on the house to help you navigate your order management workflows with ease.
Inventory Fulfill orders more efficiently. Try Zoho Inventory Today!What kind of system is lean production?Lean production is a systematic manufacturing method used for eliminating waste within the manufacturing system. It takes into account the waste generated from uneven workloads and overburden and then reduces them in order to increase value and reduce costs.
What are the 3 types of lean production?Simultaneous engineering. Just in time production (JIT) Cell production. Kaizen (Continuous improvement)
What is lean production based on?Lean manufacturing is a production process based on an ideology of maximising productivity while simultaneously minimising waste within a manufacturing operation. The lean principle sees waste is anything that doesn't add value that the customers are willing to pay for.
Which company created lean manufacturing?Toyota is the company that started lean manufacturing. Toyota introduced the concept 90 years ago in 1930. Since then, it has used lean manufacturing to rise to the top of the auto production market. Its principle is now replicated around the world.
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