This essay explores the concepts of lean management and lead time, including examples of lean manufacturing, lean six sigma, and lean software development. It also evaluates how Marks and Spencer can benefit from implementing lean manufacturing.
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STUDY OF LEAD MANAGEMENT AND LEAD TIME
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Table of Contents REFERENCES................................................................................................................................1
LEAN MANAGEMENT AND LEAD TIME Lean management is an approach that help in optimising the processes by reducing the time and efforts spent on the task that adds no value to the products or services offered by an organisation(Espadinha-Cruz, 2021). It is a process that focuses on improving the performance level of the organisation and especially by enhancing their profitability and quality. In other words the purpose of lean management is to create value for the customers by optimal utilisation of the organisation's resources. Based on the actual demands of the users it helps in creating stable workflow management. It helps in boosting the productivity and efficiency of the company by optimal utilisation of resources without wasting any resources. The present essay represents the different concepts of lean management that are used by different organisation in successful running of their business with higher productivity and efficiency. Also it evaluates the the concept that Marks and Spencer uses in its operation for optimal utilisation of its resources for higher level of customer satisfaction. Lean management refers to the concept of managing the company which supports the concept of continuous improvement in the long term that systematically seeks in incrementing changes in processes so that there cane be higher efficiency and better quality(Cunnane, 2018). The primary focus of lean management is to induce value forthe consumers with efficient optimization of the resources which will help in creating a steady workflow based on the demand of the users. On the other hand it helps the company in eliminating its waste time if and also, revise the efforts and money of the organisation in appropriate steps and leading the company towards success. There five principles that are incorporated by lean management. It includes the following principles: Identifying value Mapping the value stream Creation of continuous work flow. Establishing a pull system Facilitation of continuous improvement. The lean management principles are used by every organisation in order to improve their overall performance and efficiency(Malakhova, 2019).. However, there are various principles
that are used on the lean management that helps the company in inculcating changes with higher efficiency and effectiveness. Lean manufacturing concept Lean manufacturing is the process of production that is based upon the ideology of minimising the waste and maximising the productivity in the manufacturing operation of a business. In other words it is based on the principle that waste is anything that does not add value which the users will be willing to pay for(Montgomery, 2018). The main purpose if the concept is to improve the processes by eliminating the waste and sustainably delivering the value to the consumers.On the other hand, Toyota is one of the significant example of the company that uses lean manufacturing in adding value to the customers. That is the company is using this concept for over years that has helped the company in eliminating unnecessary waste such as transportation, excess of inventory, over production etc. thus, providing the company with several advantages. That is it helps in saving time and money and efficiently utilising the limited resources available. Also helps in production of eco friendly environment and increasing the customer level of satisfaction. The main concept that is related with the lean manufacturing is the involvement of various tools and practices that would ultimately assist the main process of manufacturing in terms of reduction of wastages. This will aim to raise the efficiency of the company’s operation in terms of making it free from wastages. Lean six sigma concept The lean six sigma concept is an approach that seeking in improving the overall performance of the organisation by elimination of the defects and waste. It combines the six sigma tools in elimination of eight kinds of wastage which are known as DOWNTIME that is Defects, Overproduction, Waiting, Non-utilised talent, Transportation, Inventory, Motion , Extra processing. However, it uses “Belts” such as yellow, green, black, master belt that helps business in analysing their overall performance(Mar and et.al., 2021). On the other hand, it can be evaluated that regardless of the size of the business it provides a standard process in solving the problems. Thus it helps organisations in reducing their operational costs as six sigma provides road map which help the company in drastically reducing their exposures to risks. On the other hand, it also helps organisation in improving their timeliness and efficiency with higher accuracy and controlling. Thus, helps the organisation in improving their customer service and offering higher satisfaction to the users. One of the biggest example of a company that uses the lean six
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sigma concept is Amazon. That is it uses the six sigma tools in setting their processes according to the desired objectives of the customer experiences and then works backwards through the process to make it happen. It focuses on the concept of understanding the customers demand and thus, meeting those needs and requirements which is a teaching of lean six sigma concept. Lean software development The lean software management is a framework that is based on the optimisation development time and resources, elimination of wastage. Thus, ultimately resulting in delivery of products and services that are required and needed by the users. However, this concept help th company in streamlining their approaches towards more functionality so that products could be delivered on time(Issa, 2021). It helps in development of team by enhancing the decision making thus boosting the morale of the employeesof the organisation. Thus, helps the organisations in faster decision making by integration of integral processes that helps in optimising the utility. One of the biggest example of the Lean software development can be seen in the Intel. It is one of the largest producers of computer chips and the company is governed by the principles of lean software development. Thus, it helps the company in catering to the requirement of its users with optimal utilisation of its resources. The methodology that is related with the lean software development includes the focus over the aspect of decrease in cost, waste along with efforts(Bongiorni and et.al., 2018). This means that this software work in the direction of raining of efficiency along with reduction of cost, efforts and time. Marks and Spencer is a British multinational retailer organisations that was founded on the year 1884 by Michael Marks and Thomas Spencer. Its headquarters is situated in the London. The organisation specializes in the selling home products and fashion clothing and food products. M&S is a brand that focuses on selling highly quality fashionable products to its target audience at affordable prices. It main aim is to provide its customers with high class trendy clothes with affordable prices. The company specialises in selling high street fashionable clothes with high quality at minimum prices. The company offers products for everyone that is men, women and children. It targets mainly the women as they are the one who shop frequently and for their family. However, it mainly focuses on fulfilling the needs of consumers who are willing to spice up their wardrobes and are always willing to be ahead with the trends in the fashion industry. The products of the company are targeted towards the needs and requirements of the customers so that higher level of satisfaction can be derived from buying the goods and services
of the company. It offers it target audience with online as well retails store services so that it can ease the process for the consumer and help in enhancing their satisfaction level. However, it can be evaluated that with the uses of the lean manufacturing concept ot will help Marks and Spencer in eliminating the waste and will help them in improving the overall efficiency and performance of the organisation. With the inculcation of lean manufacturing conceptit will the company in eliminating the unused material and poor processes which drian the productivity level of the company. However, it will help the company not only in earning higher profits from maximization of its sales but it will result in providing higher customer satisfaction level to the customers. Thus, it will help provide the Marks and Spencer with four major benefits. That is the first benefit it will offer the company will be it will result in eliminating waste. That is waste ifs considered one of the negative components that affects the cost of the products. Also, it uses unnecessary resources and extends the deadlines and adds no value to the goods and services offered by the company. Secondly it will benefit the company by providing increasing their customer loyalty that so by improving the quality of products it will help the company in increasing its visibility and loyalty among the target market and the customers. In other words, it will help Marks and Spencer to stay ahead of its competitors by regularly meeting the changes according to the needs and requirements of the consumers. With effective designing of its processes it will help them in gaining higher consumer satisfaction level and will result in growth of the company. Thirdly, it will help the company in reducing its cost of production. That is with proper monitoring of the manufacturing operation will lead in no over production and thus, will result in no extra cost in storing the extra productions. Thus, it will help M&S in reducing their cost of production with enhancing its production efficiency. And lastly, it will help the company in reducing time that is with elimination of unnecessary and inefficient manufacturing processes it will help in creation of shorter lead times and will help in faster and quicker delivery of goods and services. Calculation of lead time: Lead time refers to a time that is related with the sum of time right from receiving to making a delivery of order to the customer (Dey, Bhuniya and Sarkar, 2021). This can be calculated as adding time of pre-processing, processing and post processing. It is an important aspect that is related with the company because it would lead to making a prediction of sales,
raining of efficiency related with operations along with making an improvisation in the customer satisfaction. In the present case it can be calculated as: Lead time: designing the bike+ raising of order for the part of the bike+ manufacturing and delivery of all the part of bike+ assembling of bike+ delivery of finished product to the shop of Alex = 2+1+4+2+1 = 10 weeks. This means that a period of 10 weeks will be required in placing the order and make it display for sales. This shows the lead time that would be required by the Alex. The bike will be displayed after week 36 i.e. in 37thweek. This is because after making a delivery of bike to Alex it will be made displayed in the showroom of Alex. As the part of the bike are coming from UK then the lead time is around 10 weeks but in case if they will be imported from the Italy or China then the lead time will raise. It is also to be noted that while considering the distance then the time that will be taken from the Italy will be less while making it compared it with the China. This is because the distance4 of UK and Italty is less in comparison with the China. In the same way with the aspect of other restrictions including the trade barriers and the compliance of trade regulation would further lead to raise the lead time that is related with the Alex. From the above essay it can be concluded that lean management play an important role in an organization that will assist the firm in reduction of wastage along with enhancing the efficiency and effectiveness of operation. This also summarize the three major concept of the lean theory that would also work with the aspect of reduction of wastage from the firm operation and enhancement of company’s effectiveness. This process also leads to play an important role in terms of raising of customer satisfaction along with assisting saving towards the company in terms of wastage reduction from its operational processes.
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