Lean production
What Lean production means in Economics B A-Level, as defined for Pearson Edexcel.
Definitions of Lean production
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Check what you remember
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Reference: Pearson Edexcel
An operational improvement that lowers average costs by minimising inventory and waste.
The approach to production under which just in time is a method of stock management.
Topics that use Lean production
- Efficiency and competitiveness using lean production (Pearson Edexcel A-Level)
- Impact on costs and sales revenue (Pearson Edexcel A-Level)
Related terms
- Buffer stock
- Competitive advantage
- Efficiency
- Employee empowerment
- Just in time (JIT)
- Kaizen
- Quality control
- Quality management
Using Lean production in the exam
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