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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Format: | Article |
Language: | English |
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Faculty of Economics Pale University of East Sarajevo
2012-01-01
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Series: | Zbornik Radova Ekonomskog Fakulteta u Istočnom Sarajevu |
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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. |
first_indexed | 2024-03-12T10:05:18Z |
format | Article |
id | doaj.art-58c4c4e88e21471eb356dcb1b1472c93 |
institution | Directory Open Access Journal |
issn | 1840-3557 |
language | English |
last_indexed | 2024-03-12T10:05:18Z |
publishDate | 2012-01-01 |
publisher | Faculty of Economics Pale University of East Sarajevo |
record_format | Article |
series | Zbornik Radova Ekonomskog Fakulteta u Istočnom Sarajevu |
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 |