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5.5 Low cost practice bundle.
UNIDO ACMA Model considered inbuilt "Low cost practice".
It shows that low cost practice bundle has highest dependence and lowest driving power and hence it appears at the top of ISM model.
The organization's ability to reliably deliver products to the customer may enhance by implementation of focused factory, group technology and uniform workload 7. Low cost practice bundle .
White et al. (2010) grouped ten JIT practices in four bundles namely conformance quality practice bundle, delivery reliability practice bundle, volume flexibility practice bundle and low cost practice bundle.
From the model developed with the identified Lean practice bundles in this research, it is clear that the most important Lean practice bundle that enables successful implementation of Lean is HRM (Lean practice bundle 6), which comes as the base of ISM hierarchy whereas low cost practice bundles which are dependent on other Lean practice bundles has been appeared on top of the hierarchy.
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The new legislation aims to clarify information rights and cancellation rights, and to prohibit some hidden cost practices when consumers buy certain goods and services.
Antidumping cases involve allegations that imports are being sold more cheaply than they are back home or below cost, practices rightly banned by trade laws.
Naturally, low cost practices are to be adopted at the end of Lean implementation journey.
Low-cost practice bundle is vital to keep the cost of products under control.
process layouts 1. Focused factory 1. Process ownership Development of productive work culture 2. Group Technology 2. Job enlargement 3. Uniform workload 3. Value addition 6 Sustenance Align with cluster activities 1. Stability in Process Paradigm shift 2. Continuous Improvement 3. Customer Satisfaction 7 Low-cost practice bundle Cost reduction through inventory management 1.
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