(Mt) – MGT 322 SEU Lean thinking Questions

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Please view explanation and answer below.OutlineThe paper is divided into three sections. The first section provides a brief outline of JITand lean thinking. Lean thinking is a business plan that aims to provide a better way of thinkingin terms of planning the business’s resources to increase the value of the commodity and thegeneral well-being of society. JIT model, on the other hand, is a type of management strategythat ensures that goods or products are only received from the producers when needed and onlyin the needed volumes. The section also includes the reason for implementing lean thinking andthe JIT model in business. The second section has provided an overview of the types of wastesconsidered during production. These include defects, overprocessing, and overproduction.Finally, the third section has provided an overview of the reason for lean thinking in business.The references used for the paper are:Green, K. W., Inman, R. Anthony., Birou, L. M., & Whitten, D. (2014). Total JIT (T-JIT)impacts supply chain competency and organizational performance. International Journalof Production Economics, 147, 125–135. https://doi.org/10.1016/j.ijpe.2013.08.026Melton, T. (2017). The Benefits of Lean Manufacturing. Chemical Engineering Research andDesign, 83(6), 662–673. https://doi.org/10.1205/cherd.04351Sarhan, Jamil Ghazi, et al. “Lean construction implementation in the Saudi Arabian constructionindustry.” Construction Economics and Building 17.1 (2017): 46-69.Mudas. (2017, February 24). The Seven Wastes of Lean Manufacturing. EKU Online.https://safetymanagement.eku.edu/blog/the-seven-wastes-of-leanmanufacturing/#:~:text=Under%20the%20lean%20manufacturing%20system1Running Head: Lean ThinkingCritical ThinkingStudent NameInstitutional AffiliationCourse CodeInstructorDate21.Lean thinking and the JIT model.Lean thinking is a business plan that aims to provide a better way of thinking in terms ofplanning the business’s resources to increase the value of the commodity and the general wellbeing of society. One of the well-being of society maintained by lean thinking is reducedproduction of waste. The lean thinking approach was mainly developed in the 1950s by theToyota company to aid…

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