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What sort of Stock Control Operates At the Birmingham Mint? And how is it efficient?
Member rating: No Rating | Words: | Submitted: Thu Jul 11 2002
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What sort of Stock Control Operates At the Birmingham Mint? And how is it efficient? I am currently investigating ways in which companies can cut costs and increase efficiency, one way of doing this is to introduce lean production to the company. Lean production involves a whole range of waste saving measures, which have the potential to raise productivity. This includes organising people effectively, cutting down on stocks, improving quality through a market-oriented approach. To help enforce these, Western companies have adopted lean production strategies from the Far East. For example Kanban control (see appendix1, 2 and 4 for related articles). I have chosen to focus my task on stocks and if or not they can be cut. Stocks are vital to every company but it's how you control your stocks, which indicates how efficient the company is. For my task I tried to research both Eastern and Western ideas on Stock...
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