Title- corporate social responsibility (CSR)? ?find 1 recent peer-reviewed academic journal article (within the past 3 years) that closely relates to the concept. Your submission must incl
Title- corporate social responsibility (CSR)
find 1 recent peer-reviewed academic journal article (within the past 3 years) that closely relates to the concept. Your submission must include the following information in the following format:
DEFINITION: a brief definition of the key term followed by the APA reference for the term; this does not count in the word requirement.
SUMMARY: Summarize the article in your own words- this should be in the 150-words. Be sure to note the article's author, note their credentials, and why we should put any weight behind his/her opinions, research, or findings regarding the key term.
DISCUSSION: Using 300 words, write a brief discussion, in your own words of how the article relates to the selected chapter Key Term. A discussion is not rehashing what was already stated in the article, but the opportunity for you to add value by sharing your experiences, thoughts, and opinions. This is the most important part of the assignment.
6
Lean manufacturing
Ankit Sinha
Journal Analysis
Organizational Theory
Abstract
Lean manufacturing refers to a procedure that aims on minimizing waste and maximizing productivity in manufacturing systems. The authors of this article are Atul Palange and Pankaj Dhatrak. The two authors are professors at the MIT-World Peace University, Pune, India, in the faculty of mechanicals. The authors claim that lean manufacturing is vital in promoting productivity in a manufacturing system. The authors also claim that customer satisfaction is the primary objective of manufacturing activities. Customer satisfaction is achieved by providing quality products at a reasonable cost. There are various benefits of lean manufacturing in production activities. Waste in a manufacturing facility can be effectively reduced through lean manufacturing. Possibly the biggest benefit associated with lean production is this since any activity which does not improve the process is considered waste.
Lean manufacturing
Definition: Lean manufacturing refers to a procedure that aims on minimizing waste and maximizing productivity in manufacturing systems. (Yadav et al., 2020). Waste refers to anything that the customers believe does not add value and they are not willing to pay for.
Summary
Article link: https://www.sciencedirect.com/science/article/pii/S2214785320398783
The authors of this article are Atul Palange and Pankaj Dhatrak. The two authors are professors at the MIT-World Peace University, Pune, India, in the faculty of mechanicals. The authors claim that lean manufacturing is vital in promoting productivity in a manufacturing system. The authors also claim that customer satisfaction is the primary objective of manufacturing activities. Customer satisfaction is achieved by providing quality products at a reasonable cost. If an organization is adaptable enough to consistently and systematically respond to consumer needs and add value to the product in the process, it will survive and maintain its competency regardless of whether it provides manufacturing or service (Palange & Dhatrak, 2021). The main factors determining a product's price are labour, material, and equipment costs, which rise together with the inflation rate. According to basic math, a direct financial cost is associated with underusing the tools, resources, and labour. Therefore, the focus should be on the maximum utilization of the dominant parameters. The information presented by these authors is vital for all manufacturing firms in improving their productivity and maximizing profits.
Discussion
Finding a production strategy to help you keep a competitive edge in the market is crucial in modern manufacturing. Many manufacturers have concluded that lean manufacturing is the best option as they search for the most advantageous production technique. Lean manufacturing, which has its roots in the Japanese automobile industry, seeks to eliminate waste and any non-value-added operations from the production process. This approach has gained recognition and transformed industry all across the world. This manufacturing process can effectively optimize production within your business by reducing waste and production time. Waste removal can lower expenses and increase product quality while removing it from the system. The more static aspects of manufacturing, including material staging and inventory warehousing, can notably benefit from these strategies. There are various benefits of lean manufacturing in production activities. Waste in a manufacturing facility can be effectively reduced through lean manufacturing. Possibly the biggest benefit associated with lean production is this since any activity which does not improve the process is considered waste. Inventory, motion, overproduction, waiting, flaws, over-processing and transportation are some instances of common waste sectors. This method removes stale or old goods that businesses hold onto in large quantities together with garbage.
Additionally, this procedure lowers operating expenses. Lean emphasizes issues from devoted customers and their recommendations to eliminate some inefficient procedures. Companies can concentrate on their devoted consumers to create solid and dependable relationships rather than focusing on the needs of all customers. By doing this, you will have better interactions with your clients, and you’re standing with them will guarantee a consistent income stream. When you have a lean infrastructure, you only need a few things, like buildings, equipment, supplies, labor, and supplies to meet short-term inventory needs. The plant can operate with minimal waste and achieve the highest production efficiency possible. I have observed lean manufacturing helping many business owners in my local community.
References
Palange, A., & Dhatrak, P. (2021). Lean manufacturing is a vital tool to enhance productivity in manufacturing. Materials Today: Proceedings, 46, 729-736.
Yadav, G., Luthra, S., Huisingh, D., Mangla, S. K., Narkhede, B. E., & Liu, Y. (2020). Development of a lean manufacturing framework to enhance its adoption within manufacturing companies in developing economies. Journal of Cleaner Production, 245, 118726.
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