Which type of firm invests in lean manufacturing programs in order to improve customer service levels for a given inventory investment?

Answers

Answer 1

A business makes an investment in lean manufacturing techniques for a specific made-to-stock inventory investment in order to improve customer service levels.

Which do you mean by manufacturing?

Manufacturing is the process of creating goods, whether manually or mechanically, with the aim of selling them to customers once they are complete. The inputs used in production can be raw materials or specific parts of a larger product. Manufacturing frequently happens on a large-scale assembly line with tools and trained personnel.

Making new items out of parts or raw materials is what is meant when we say "manufacture." Tailors, bakers, shoemakers, and auto manufacturers are all examples of manufacturing enterprises because they all create products rather than providing services.

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