Question

"Lean supply chain management focuses on eliminating waste: Group of answer choices in a firm's sourcing and logistics activities. within a firm's internal operations. in flows of information and money among supply chain partners. in all of the above areas."

Answer 1

Answer:

in all of the above areas.

Explanation:

Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers. Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.

A lean business is a business concept used by organizations to eliminate waste and maximize value for growth and development. The lean business concept include the following;

I. A total quality management (TQM): it is a management framework that is focused on achieving long-term success through the satisfaction of your customers by the efforts of all the member of staff in an organization.

II. A continuous improvement (CI): it is a management technique that is focused on improving manufacturing processes, products and services through the elimination of redundancy and time-wasting activities in an organization.

III. Just-in-time (JIT): it is a management framework that is focused on cutting manufacturing costs and increase efficiency between suppliers and consumers through the use of a proper inventory system.

Hence, Lean supply chain management focuses on eliminating waste:

I. In a business firm's sourcing and logistics activities.

II. In the internal operations of a business firm.

III. In flows of information and money among various supply chain partners.