This reduces costs and so helps to improve the return on investment for shareholders.
JIT also carries risks if the business has no stock it could be less able to cope if suppliers fail to deliver.
This empowerment of employees and managers helps them to feel valued and gives them job satisfaction.
Corus benefits from becoming a more profitable business by reducing costs, securing high value orders and maximising the time its rolling mill operations are in use.
This focuses on making small continuous improvements across all functions, systems and processes within a business. Continuous improvement contributes towards lean production. Lean production uses fewer resources more efficiently.
This increases productivity and can improve profitability.
Continuous improvement at Corus helps to eliminate waste in seven key areas.
It uses the mnemonic 'TIM WOOD' to help employees remember the areas.
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