IDEAS home Printed from https://ideas.repec.org/h/spr/mgmchp/978-981-10-1666-0_5.html
   My bibliography  Save this book chapter

Supply Lean Management

In: Global Sourcing and Supply Management Excellence in China

Author

Listed:
  • Marc Helmold

    (Gloucestershire University)

  • Brian Terry

    (Regents University)

Abstract

In contrast to the traditional paradigm, the objectives of so-called keiretsu supplier networks and lean production are based on a reduction of throughput times and the elimination of non-value-adding activities. These activities are waste or so-called MUDA (Japanese = 無駄). The figure shows the two concepts, the traditional and the lean one. Both concepts are directed towards customers. Nevertheless the lean concept’s foundation is based on the optimal reaction capability and not based on inventories. Inventories increase the cost of capital and have negative impacts on the shareholder value, whereas short cycle times lead to small inventories. Lean manufacturing or lean production, often simply “lean”, is a systematic method for the elimination of waste (“MUDA”) within a manufacturing system. Lean also takes into account waste created through overburden (“MURI”) and waste created through unevenness in workloads (“MURA”). Working from the perspective of the client who consumes a product or service, “value” is any action or process that a customer would be willing to pay for.

Suggested Citation

  • Marc Helmold & Brian Terry, 2017. "Supply Lean Management," Management for Professionals, in: Global Sourcing and Supply Management Excellence in China, chapter 5, pages 103-116, Springer.
    • Handle: RePEc:spr:mgmchp:978-981-10-1666-0_5
    DOI: 10.1007/978-981-10-1666-0_5
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:mgmchp:978-981-10-1666-0_5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.