Question

What is a flexible system that uses considerably fewer resources than a traditional system?

Answer 1

A flexible system of operation that uses considerably fewer resources  than a traditional system is called Lean operation.

Lean operations is a technique of running a business by focusing on providing improved customer satisfaction while utilising as few resources as feasible. The purpose of lean operations is twofold: Creating value for customers and eliminating waste. Companies that adopt lean operations are highly focused with efficiency. Everything in a business’s activities that do not meet the ultimate objective of delivering customers value and creating profits is eliminated from the company. Hence the “lean” in lean operations. Mostly, if you implement lean operations, you want to cut all inefficiencies. Lean operations allow firms to do more with less which creates value and enhances profits.

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