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Company: JKL Pharmaceuticals Scenario: Lean Manufacturing Data: Current Waste Percentage: 15% Target Waste Percentage: 5% Current Monthly Production Cost: $500,000 Requirements: Calculate the cost savings

  1. Company: JKL Pharmaceuticals

Scenario: Lean Manufacturing

Data:

  • Current Waste Percentage: 15%
  • Target Waste Percentage: 5%
  • Current Monthly Production Cost: $500,000

Requirements:

  1. Calculate the cost savings if the target waste percentage is achieved.
  2. Discuss the principles of lean manufacturing that can be applied.
  3. Evaluate the impact of waste reduction on overall cost control.
  4. Recommend specific lean manufacturing techniques for JKL Pharmaceuticals.

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