What obstacles full adoption of lean purchasing by us firms

Assignment Help Management Theories
Reference no: EM13920097

What are some of the obstacles to full adoption of lean purchasing by U.S. firms? What are some ways of overcoming them?

In lean purchasing the supply manager works with suppliers and vendors to create a better method or way to constantly improve the aspects any process that entails products or services. The hope is to create a perfect process. In order to do this, U.S. firms may have difficulty moving from mass-production to a new set of skills. No longer would firms just accept the quality, transportation, delivery, and pricing offered by the current supplier. By incorporating lean purchasing there would be constant change and improvement. The main idea is to not be wasteful and to use every potential benefit to it's fullest.

For example, it is in Japan's culture of eliminating waste and having respect for people. This may not necessarily be the U.S.'s top priority right now but it certainly could be. Some ways that the U.S. could overcome this is by looking into any problems that need solved. One helpful way would to incorporate value stream mapping to help visualize any processes to pinpoint whether or not there is waste occurring. It would be important to constantly communicate with the suppliers and to create a lean supply chain to have an easy flowing process.

Reference no: EM13920097

Questions Cloud

Describe how present and future values concepts apply : Describe how present and future values concepts apply to your income and expenses and ultimately your personal budget, income statement, and balance sheet
Will all businesses have the same type of accounts : Will all businesses have the same type of accounts? Explain your answer.
Sources of ethical behavior or legal viewpoints : This paper should outline the current ethical issues, sources of ethical behavior, legal viewpoints that relate to the issue or situation. Lastly this paper will outline suggestions for corrective action pertaining to the situation.
Liquidity premium on the corporate bond : A tresury bond that matures in 10 years has a yield of 6%. A 10 year corporate bond has a yield of 9%. Assume that the liquidity premium on the corporate bond is 0.5%. What is the default risk premium on the corporate bond? Show work please
What obstacles full adoption of lean purchasing by us firms : What are some of the obstacles to full adoption of lean purchasing by U.S. firms? What are some ways of overcoming them?
The dividend is expected to grow at constant rate : A broker offers to sell you shares in Bay Area Healthcare, which just paid a dividend of $2 per share. The dividend is expected to grow at a constant rate of 5 percent per year. The stock’s required return is 12 percent. What is the current value of ..
Businesses begin as a sole proprietorship : There are several different ways to enter into a business and thus it is important to understand each type of business and the advantages and disadvantages of each. Most businesses begin as a sole proprietorship, specifically smaller businesses an..
How many bits are needed for the opcode : How many bits are needed for the opcode and how many bits are left for the address part of the instruction?
Linear programming case study : Your instructor will assign a linear programming project for this assignment according to the following specifications. It will be a problem with at least three (3) constraints and at least two (2) decision variables. The problem will be bounded a..

Reviews

Write a Review

Management Theories Questions & Answers

  Explain what is organization''s value proposition

How is your organization sustainably different from your competitors. What is the source of uniqueness and how sustainable is it from being diminished by competitors

  Determine the difficulties of developing principles

Determine the difficulties of developing principles that are appropriate for governments within different categories (i.e., cities versus countries), as well as the best way to address those difficulties.

  Mac and donnie stick with this value proposition

Devon MacGregor, know to his many friends as "Mac," jokes about being true to his Scottish heritage when he opened his warehouse style store selling odd lots and large quantities of basic household staples. Mac and his partner, Donnie Antonio, talked..

  Leadership varies widely by culture and personality

Leadership varies widely by culture and personality. An international organization

  An effective safety and health-management plan

An effective safety and health-management plan

  The cloudy solution in the silver nitrate test

What element is responsible for the cloudy solution in the silver nitrate test?

  Payroll taxes or maintain workers'' compensation

The company does not withhold payroll taxes or maintain workers' compensation or unemployment compensation insurance on the instructors. When you ask why, the general manager replies: "It's just simpler that way. Why? Do you see a problem with that?"

  The wbfk transport company operates throughout mainland

The WBFK Transport Company operates throughout mainland Australia

  The emerging market of digital healthcare

Identify key companies in the emerging market of digital healthcare

  Planning to make modifications to an existing application

You are planning to make modifications to an existing application.

  Examining trends in australian employment relations

Identify key sides to the debate, by examining trends in Australian Employment Relations.

  An ever-evolving and demanding global business environment

Consider how your company juggles its obligations to both sustainablity and profitability. How do these obligations relate to each other and coexist in an ever-evolving and demanding global business environment?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd