Establishing Lean Flows to Improve Productivity
In today’s market, 55% of shoppers prioritize quality and product value, yet ultimately base their purchase decisions on finding a good deal. For instance, 75% of Baby Boomers, 71% of Gen X, 68% of Gen Z, and 67% of Millennials prioritize price over quality and value (First Insight, 2022). Consequently, businesses must recalibrate their product delivery strategies to compete on price, features, and quality. This chapter explains how organizations can meet this challenge by harnessing the power of Lean principles.
Lean principles offer a practical solution to help organizations compete...