With Lean Thinking,a Firm's Operations Layout Should Evolve to a Cellular

question 33

True/False

With lean thinking,a firm's operations layout should evolve to a cellular manufacturing layout.

---

Definitions:

Tailored Sourcing

The practice of customizing the procurement process to fit the specific needs and requirements of a business.

Improve Profitability

Involves strategies and actions aimed at increasing the net income relative to revenue, effectively enhancing the financial performance of a business.

Profitability

A measure of the efficiency of a company in generating profits from its operations, calculated as the ratio of net income to revenue.

Sourcing

The process involved in finding, evaluating, and engaging suppliers of goods and services.