Jones Industries manufactures iPhone case covers. Glenda Olivier, the CEO, is trying to decide whether to adopt a lean thinking model. She expects that adopting lean production would save $76,000 in warehousing expenses and $35,400 in spoilage costs. Adopting lean production will require severalone-time up-front expenditures: $32,500 for an employee training program, $35,000 to streamline theplant's production process, and $7,500 to identify suppliers that will guarantee zero defects and on-time delivery
- The total costs of adopting lean production are:
- What are the total benefits of adopting lean production?
1). Total cost of adopting lean production = Cost for an employee training program + Cost to streamline the plant's... View the full answer