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Integrating Lean and Agile Thinking: Concepts in Support of Practice - Inventory management Article
The article entitled: "Integrating Lean and Agile Thinking: Concepts in Support of Practice" is in the Inventory management Articles section of Operations Management Papers area...
ARTICLE DESCRIPTION: The emergence of Just-in-Time (JIT) manufacturing in the 1980s signified a turning point in logistics management and the development of what is now called lean supply.
MORE INFO: Integrating Lean and Agile Thinking: Concepts in Support of Practice The emergence of Just-in-Time (JIT) manufacturing in the 1980s signified a turning point in logistics management and the development of what is now called lean supply. A paradigm shift in thinking occurred and the role of inventory was reversed: the emphasis changing from holding inventory to cover the disruption caused by system fluctuations, to removing inventory to expose the fluctuations. A systems approach to managing the supply chain emerged, which centred on the incremental reduction of wasteful internal variation supported by stable production schedules. This strategic approach, which is naturally suited to large and stable volumes, challenged established management theory and long established trade-off models.
PUBLISHER: Institute of Operations Management
Page number: 19 Word count: 3750
Vol 30 - No 02 - March 2004
The article can be downloaded in full from the publisher's site i.e. the Institute of Operations Management.
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