Explain the following lean principles and give an example of each:
Agility
Measurement
Variation reduction
Expert Answer
Agility: Agility is company’s ability to respond to changing market trends and needs quickly and effectively. Companies are continuously fighting for the space in the market and need such abilities. Ex- Companies using highest quality forecasting tools to predict the upcoming clothing trends is an example of acheiving agility.
Variation reduction: It is a very important tool to produce parts which are similiar to one another to deliver to a customer similar experience always. Various tools to measure this is available under lean methodology only. Ex-
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