Management

Management

Introduction

The main purpose of this paper is to discuss the cost of quality issues based on the firm's value chain and the differences which might occur in manufacturing and service sector firms. The paper also discusses the lean principles for waste reduction and develops a lean proposal for a given company. The company which has been chosen for this purpose in this paper is Toyota which is the biggest car manufacturing company in the world. Toyota is the car manufacturing company in which the cars are manufactured by Toyota itself. The company offers different products like trucks, passenger cars and minivans. ...