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Discuss how overstock and obsolete items can have negative impacts on the business also not having enough of the right stock can impact.

Using the audio files along with the process map, ITO diagram, and supply network diagram, Conduct a Lean analysis of the “Case Study” order process, and using this construct some applied plans to make the business ‘leaner’…
• Mention the principles of lean management: value, value stream, flow, pull and perfection. All relating to the information given in the case.
• Identify areas in the case where the business may already be operating lean.
• Do an analysis to identify 7 different Muda waste within the case and a few others on Muri and Mura and state what effect they have on the business.
• Discuss how overstock and obsolete items can have negative impacts on the business also not having enough of the right stock can impact.

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