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Current Even Paper - Assignment Example

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Lean operations are defined as those business practices that use fewer inventories, use little time, minimize waste and produce high quality products and services. By adopting a lean system, a…

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Subject: Business
Type: Assignment
Level: Masters
Pages: 1 (250 words)
Downloads: 2
Author: alison29

Extract of sample "Current Even Paper"

Current Event Paper- Lean Operations Affiliation This chapter focused on the concept of lean operations and the mainbuilding blocks. Lean operations are defined as those business practices that use fewer inventories, use little time, minimize waste and produce high quality products and services. By adopting a lean system, a business is able to meet the demands of the customers in an uninterrupted manner. In an article by Lizette Chapman (2014) appearing in the Wall Street Journal, the author reports that Javelin Inc.

, a New York-based company, is bringing the ‘lean startup’ philosophy to businesses. The company specializes in training other corporations on how to incorporate lean concepts in their operations. Javelin has developed the “Lean Startup Machine” methodology that equips businesses with the necessary tools and techniques that can be used to iterate their products. The tools and techniques provided by this company help organizations to build new products and ensure that the products are brought to the market faster.

The founder of Javelin Inc. notes that the scale of waste in many operations and projects is huge. The Lean Startup Machine is aimed at addressing these problems. The above article highlights how Javelin Inc. is helping corporations improve how they undertake their projects and process. In particular, the Lean Startup Machine developed by Javelin Inc helps corporations understand how to get feedback from customers and other stakeholders and this helps to improve the quality of products and services offered.

It emphasizes on the importance of iteration during manufacturing or processing. Quality improvement is one of the goals of lean processes where business aim to reduce product defects. In addition, the article above also highlights how Lean Startup Machine helps corporations to minimize waste. In lean processes, there are different types of waste that need to be eliminated. ReferenceChapman, L. (5 March, 2014). Javelin Raises $1.5M to Bring Lean Startup Method to Big Corporations. The Wall Street Journal.

Retrieved form http://blogs.wsj.com/venturecapital/2014/03/05/javelin-raises-1-5m-to-bring-lean-startup- method-to-big-corporations/?KEYWORDS=lean

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