Challenges Faced By Developing Countries

Lean manufacturing is the production of goods using less of everything than in mass production: less human effort, less manufacturing space, less investment tools and less engineering time to develop a new product. A company becomes lean by continuously increasing its capacity to produce high-quality goods while simultaneously decreasing

Production practices have had an important role in satisfying the dynamic market. Many approaches have being developed in order to respond effectively to specific business requirements. In fact, some areas of management have focused its study on the overseeing, designing, and controlling the process of production in an effort to find the best methodology that ensures the business success and performance. However, complexities arise in this field because many variables such as costs, inventory, scheduling, suppliers, etc have to be considered in any business. Lean approach and the traditional approach are two points of view that aim to address this complexities, and those will be examined in this essay.

Assess the significance of three factors which might limit economic development in the developing countries.

The world is entering a new age—the age of total industrialism. Some countries are far along the road, many more are just beginning the journey. But everywhere, at a faster pace or a slower pace, the peoples of the world are on the march towards

The lean supply chain helps to imrprove efforts focusing waste, improve manufacturing schedule and economically produce small quantities. It is also flexible to react to changes in the market. Hence, BMW has this facility of allowing a customer to change its order within a week of placing and still maintain the original delivery time and high quality. Similarly, agile supply chain helps in carrying a generic inventory. The best part is that it helps in reducing risk of keeping too much stock as well as being out of stock. Mass-customization can be easily pursued through an agile supply chain which offers variety at a lower total

Employing new merchandising tools aid the company in realizing lean production measures with its supply chain. Forecasting capabilities substantiated through “The combined efforts of our supply chain, merchandising, operations and finance teams, we reduced inventory by almost half a billion dollars in 2009, while at the same time improving our in-stock position” (Datamonitor 360, 2010).

The industrial revolution made a change will remain almost forever. There is a revolution that has produced since it appeared a split between developed countries and undeveloped countries. It means that all this century the developed countries were the main economic leaders in the contemporary world. However, all this explanation looks like an old concept. Nowadays all over the world are looking how Australia’s emblematic car factory as Holden with more than 150 in the market with Ford and Toyota also are facing their closures. It is incredible that almost one century ago the best automotive brands run their business in this country, which the automobile industries meant develop capacity in most of the countries, and now in this country, these brands are closing. Furthermore, Australian Government has produced in his decision to stop and

Assess the significance of three factors which might limit economic development in the developing countries.

For Riordan to implement this type of plan, an entire new strategy will need to be developed for handling inventory. Currently, each Riordan plant handles inventory independently. Now Riordan must centralize inventory and ordering systems. The two systems need to be centralized because lean production is based on the theory that goods are produced when needed, thus eliminating waste (Chase, Jacobs, & Aquiliano, 2006).

Lean manufacturing is the production of goods using less of everything than in mass production: less human effort, less manufacturing space, less investment tools and less engineering time to develop a new product. A company becomes lean by continuously increasing its capacity to produce high-quality goods while

Since the lean operation and the total quality management model are based on a highly technical approach, toolsets and qualitative analysis, hence sufficient training in leadership, functional and technical skill will be mandatory for the employees in every category, including the operation, functional and business area to ensure a successful operation and to communicate and maintain proper control in the process. The Company will follow the agile manufacturing practice which comprises a set of quality standards, practices and iterative testing process driven by the end user feedback method to deliver a high quality customizable product that fits the exact need for a specific market segment and keep constant focus to reduce production overheads and eliminate any unnecessary steps in the process engineering that could potentially increase the cost and the delivery timing (Schnaars,

Global manufacturing turns out to be more prevalent as opposed within global marketplaces is extremely elevated and persists to expand; manufacturing is a significant component in value-chain stratagem. Global manufacturing is utilized to possess a vanguard over your contenders, since other states may hold a profusion of exclusive resources, for instance, inexpensive labor, or assistance in supplementary approaches for example eliminating trade obstructions (Porter, 1985).

Gowth of modern technology in the years following World War II influenced extensive change in production industries. Increases in wage differences across the globe, while costs of transportation and communication drop, has driven labor intensive production out of the developed countries, and into developing countries. In most cases, manufacturing in developing countries is of relatively simple, labor-intensive products, while the developed countries specialize in producing high-tech, capital-intensive products (Kilduff and Dyer, 19).

Lean is defines the manufacturing philosophy that reduces the time between the shipping and customer demand, which based on the systematic method by eliminating waste, that means giving the customer what they want when they want it, and don 't waste whatever. Rahmana, Sharif and Esa (2013) suggested lean production is mentioned to improve the company 's performance from the philosophy in reducing waste in order. That means, lean system destination is the decrease cost by removing the non-value activities, which they are applying a category of tools and techniques for checking and eliminating defective in the production process. In the Evenort Company should emulate the five overriding principles of lean thinking in terms of implementing lean that there is guarantee the company has been driving correctly in the lean manufacturing (Cardiff 2015) as can show in table 1.

Developing nations are filled with hope and aspirations of one day becoming a wealthy, dominating, and influential country. These nations can sometimes be unsafe, difficult to live in, and hard for workers to earn good compensation for their labor. On the other hand, living in a developed nation has many upsides. Developed nations are wealthy, which in turn have good infrastructure, labor and worker laws, and have less crime.