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Books > Business & Economics > Business & management > Management of specific areas
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The Modern Lean Enterprise - From Mass Customisation to Personalisation (Hardcover, 2nd ed. 2022)
Loot Price: R2,415
Discovery Miles 24 150
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The Modern Lean Enterprise - From Mass Customisation to Personalisation (Hardcover, 2nd ed. 2022)
Series: Management for Professionals
Expected to ship within 10 - 15 working days
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The book addresses a modern reorientation of Lean, abandoning the
classical waste dogma that brings direct efficiency gains and
substituting by a way to achieving indirect efficiency in a
continuous and sustainable manner. Waste is the output of a process
that cannot be of further use, while value is a matter of
valuation, a process whose output we conceive to be of further use.
Value and waste are not antithetical, they are just not comparable
issues. We achieve added value to the modern Lean Enterprise
through synergies that bring sustainable economic benefits to the
company. Such synergies use the complementarity theory developed by
Milgrom and Roberts in 1990 on the principle that we can achieve
maximal gains via the joint investment on complement activities and
not investing. Complementarity is not something specific to Lean
Enterprises; however, Lean Enterprises can benefit the most from
such a concept. The reason is that Lean uses the principle of
achieving more with less effort. Less effort does not mean the use
of fewer resources, but the use of resources in a complementary way
in order to achieve more, rather than using them. Complementarity
is a feature by design. Complementarity by design will help modern
Lean companies have an easier transition in the digital era and the
new world of Industry 4.0. In this second edition, we have
preserved the method of how to achieve Lean and have enhanced it to
show how to move towards modern Lean within Industry 4.0 paradigm.
However, if a company has not yet made the Lean step, there is no
need to make that step first before yielding the benefits.
Technology is the key. Modern Lean Enterprise strengthens out of
the old paradigm into the new one of Industry 4.0. Because of
evolution, such an enterprise achieves optimal technological
complementarity necessary for synergies that sustain increasing
profits.
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