CCI - Business Plannin Essay Example | Topics and Well Written Essays - 250 words

CCI - Business Plannin - Essay Example â€Å"Lean manufacturing is a manufacturing strategy that seeks to produce a high level of throughput with a minimum of inventory† (Blacharski, 2012). This way, both the direct and the overhead costs of the business are reduced since the products are manufactured and delivered only when they are required and in as much quantity as is required. This not only reduces the wastage of materials but also saves the company the cost of waste disposal. In addition to that, the reduced amount of waste has a positive impact on the company’s image in the eyes of the stakeholders and the public at large. Uncertainty is definite to come with innovation because wherever there is innovation, something not done before is being done. It might take some time for the business to derive the benefits of innovation, but the long term effects are definitely favorable and provide the companies with different kinds of competitive