We have covered the 5 competitive strategies/advantages that can be gained throu

Question

We have covered the 5 competitive strategies/advantages that can be gained through operations - low cost, delivery (speed and reliability), flexibility (through customization and adapting volume), quality, and broad product line. In Chapter 16 and the video lecture, we see that JIT/Lean practices can help a company gain advantage in 3 of the 5.

Identify one competitive advantage aided through JIT/Lean operations and describe one or two specific JIT/Lean tactic(s) that enables this advantage to be gained. Restrict your response to one (1) competitive advantage and no more than two (2) JIT/Lean tactics.

Explanation / Answer

The competitive advantage that I would discuss is low cost. The manufacturing companies can adopt low cost strategy to gain the competitive advantage. The JIT/lean tactics to achieve this low cost strategy in operations are-

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