Final answer:
Four examples of waste in a business include excess inventory, overproduction, defects, and transportation. The Lean Systems Approach can be used by a manager to solve these waste problems by implementing JIT inventory management, demand-driven production, quality control measures, and optimizing transportation routes.
Step-by-step explanation:
Four detailed examples of waste in a business include:
- Excess inventory: When a business keeps too much inventory on hand, it can lead to waste in the form of storage costs, obsolescence, and spoilage.
- Overproduction: Producing more goods or services than what is needed can result in waste of resources such as raw materials, labor, and energy.
- Defects: When products or services have defects or errors, they require rework, repairs, or even disposal, leading to waste of time, materials, and effort.
- Transportation: Unnecessary movement or transportation of goods or materials can result in waste of time, fuel, and resources.
As a manager, the Lean Systems Approach can be used to solve these waste problems by:
- Implementing just-in-time (JIT) inventory management to reduce excess inventory.
- Using demand-driven production to avoid overproduction.
- Implementing quality control measures to reduce defects.
- Optimizing transportation routes and processes to minimize unnecessary movement.