Gilmore Corporation is investigating the possibility of adopting a lean production philosophy in its manufacturing facilities.The plant manager has done a cost-benefit analysis and has found that the costs of the lean production program exceed the benefits by $115,000.You analyze the situation and make some adjustments to the cost estimates.After doing your analysis,you find that costs still outweigh benefits by less than 5%.Which might be a sound course of action?
A)Consider dropping the plan.
B)Look for ways to lessen costs.
C)Re-evaluate the value of benefits.
D)All of the above should be considered.

Question

Quizplus · Accepted Answer

All options should be considered as they can collectively help in making a more informed decision about adopting the lean production philosophy.

Gilmore Corporation Is Investigating the Possibility of Adopting a Lean