LEAN MANUFACTURING – INNOVATION FOR 21st CENTURY

Unpredictable, unstable and highlycompetitive conditions of today’s business havebrought significant changes to the global marketscene, imposing upon all participants a new''customer in focus" business philosophy. In theserespective conditions, the traditional ways of doingbusiness, c...

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Main Author: Ljiljana Tanasić
Format: Article
Language:English
Published: Faculty of Economics Pale University of East Sarajevo 2012-01-01
Series:Zbornik Radova Ekonomskog Fakulteta u Istočnom Sarajevu
Subjects:
Online Access:http://www.ekofis.org/images/dokumenti/Aktivnosti/zr2012/307-322%20-%20LjiljanaTanasic.pdf
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author Ljiljana Tanasić
author_facet Ljiljana Tanasić
author_sort Ljiljana Tanasić
collection DOAJ
description Unpredictable, unstable and highlycompetitive conditions of today’s business havebrought significant changes to the global marketscene, imposing upon all participants a new''customer in focus" business philosophy. In theserespective conditions, the traditional ways of doingbusiness, centered on mass production, cannotsecure an adequate market position. On the otherhand, lean manufacturing, as a quick, innovative,inexpensive, flexible and computer-integratedmodel, almost entirely based on the application ofJIT concept, represents something like a ''recipe forsuccess''. More precisely, by identifying andeliminating unnecessary and wasteful activitiesinside the business process and by focusingattention exclusively on what, from the customer’sstandpoint appears to create value, lean productionsystem makes it possible to achieve maximumquality of production processes in order toestablish and maintain balance between good andtimely services to customers and service providers’profitability in the modern business environment.
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spelling doaj.art-58c4c4e88e21471eb356dcb1b1472c932023-09-02T11:17:00ZengFaculty of Economics Pale University of East SarajevoZbornik Radova Ekonomskog Fakulteta u Istočnom Sarajevu1840-35572012-01-016307322LEAN MANUFACTURING – INNOVATION FOR 21st CENTURYLjiljana TanasićUnpredictable, unstable and highlycompetitive conditions of today’s business havebrought significant changes to the global marketscene, imposing upon all participants a new''customer in focus" business philosophy. In theserespective conditions, the traditional ways of doingbusiness, centered on mass production, cannotsecure an adequate market position. On the otherhand, lean manufacturing, as a quick, innovative,inexpensive, flexible and computer-integratedmodel, almost entirely based on the application ofJIT concept, represents something like a ''recipe forsuccess''. More precisely, by identifying andeliminating unnecessary and wasteful activitiesinside the business process and by focusingattention exclusively on what, from the customer’sstandpoint appears to create value, lean productionsystem makes it possible to achieve maximumquality of production processes in order toestablish and maintain balance between good andtimely services to customers and service providers’profitability in the modern business environment.http://www.ekofis.org/images/dokumenti/Aktivnosti/zr2012/307-322%20-%20LjiljanaTanasic.pdfLean Manufacturing''Doing More With Less''World Class Manufacturing
spellingShingle Ljiljana Tanasić
LEAN MANUFACTURING – INNOVATION FOR 21st CENTURY
Zbornik Radova Ekonomskog Fakulteta u Istočnom Sarajevu
Lean Manufacturing
''Doing More With Less''
World Class Manufacturing
title LEAN MANUFACTURING – INNOVATION FOR 21st CENTURY
title_full LEAN MANUFACTURING – INNOVATION FOR 21st CENTURY
title_fullStr LEAN MANUFACTURING – INNOVATION FOR 21st CENTURY
title_full_unstemmed LEAN MANUFACTURING – INNOVATION FOR 21st CENTURY
title_short LEAN MANUFACTURING – INNOVATION FOR 21st CENTURY
title_sort lean manufacturing innovation for 21st century
topic Lean Manufacturing
''Doing More With Less''
World Class Manufacturing
url http://www.ekofis.org/images/dokumenti/Aktivnosti/zr2012/307-322%20-%20LjiljanaTanasic.pdf
work_keys_str_mv AT ljiljanatanasic leanmanufacturinginnovationfor21stcentury