Contents

• This assignment is based on the following requirement -
• This assignment is designed to enable you analyse a business problem and then apply what you have learned from studying Lean management to solving that problem.
• In Assignmnet 1 we looked at how to deconstruct a Process. In this assignment investigate the Value Stream. Lean management practitioners believe understanding the Value Stream is essential to understanding what the customers see as important within the process, service, product we supply to them.
• Lean management has a lot to offer all organisations.
• The Literature Review in this assignment asks you to look at the current thinking in this subject area.
• The importance of defining a problem in a quantitative manner should not be under estimated. It is important that facts decide actions in the Operations domain. The latter part of this assignment challenges you to quantify the situation you are looking to improve. Your data need not be highly accurate. It is more the structure and the logic of your use of numbers we will be interested in.

Description

This paper discusses lean management from theoretical perspectives with the help of expert academic and business articles and books. The paper then discusses the case of Wal-Mart, a multinational retain company in terms of its business and issues faced by the company. The paper will then attempt to provide solution to the problems faced by the company using the principles of lean management.