Adopting a lean business model should have no effect on cost in a modern manufacturing environment.

Question

Quizplus · Accepted Answer

Adopting a lean business model involves reducing waste and improving efficiency. While this can lead to cost savings, there may be initial costs associated with implementing lean practices such as training employees, upgrading equipment, and redesigning workflows. However, in the long run, it is expected to improve the bottom line of the business.

Adopting a Lean Business Model Should Have No Effect on Cost