Final answer:
Aiden would likely benefit from adopting lean manufacturing, which aims to eliminate waste and optimize the flow of products. This method would allow his company to use fewer resources, including labor, tools, and space. Implementing lean manufacturing can lead to significant cost savings and quality improvements.
Step-by-step explanation:
The direct answer to Aiden's pursuit to reduce labor, tools, and space investment is d. lean manufacturing. Lean manufacturing is a systematic method for the elimination of waste within a manufacturing system. Central to lean is the idea of optimizing the flow of products and services through entire value streams that flow horizontally across technologies, assets, and departments to customers.
Eliminating waste along entire value streams, instead of at isolated points, creates processes that need less human effort, less space, less capital, and less time to make products and services at far less costs and with much fewer defects. Lean manufacturing has its roots in the Japanese manufacturing industry, particularly in the Toyota Production System. Companies that adopt lean manufacturing often see a transformation in their production processes, which can lead to significant cost savings and quality improvements. It includes principles such as 'just-in-time' production to reduce inventory costs, 'kaizen' for continuous improvement, and standardizing work for efficiency.
By cutting back on unnecessary resources, rationalizing tool use, and maximizing workspace utility, Aiden's firm can become more efficient and competitive. Adopting a lean approach can be the strategic change that helps the company prosper despite evolving business landscapes and economic pressures.