Rationalizing the Lean and Agile Operations to Improve Cost Efficiency: An Approach to Reliability

Abstract

The combination of lean and agile approaches offers a powerful strategy for organizations seeking to improve cost efficiency and reliability simultaneously. Lean operations provide a solid foundation by optimizing processes and reducing waste, enabling cost savings. Agile methodologies build upon this foundation by enabling organizations to adapt quickly to market changes and customer preferences, ensuring high reliability through continuous feedback and course corrections. In order to explore comprehensively, this study was aimed to investigate the lean and agile operations impact on improving cost efficiency and assessing the reliability in manufacturing industry. Further, this study looked at and analysed the most recent research on using lean and agile supply chains to identify and address various outcomes to be utilized to improve cost efficiency