Describe some (3-5) key elements of a Lean Strategy and why you personally think they are important.

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With which kind of suppliers should a company enter into a strategic partnership? What are key points of that strategy? Question 2 (10 points): How should a company evaluate its suppliers` performance after it has been selected? What should it do with non-performing suppliers? Question 3 (5 points): Make to Stock, Assemble to Order, Make to Order and Engineer to Order are different operations strategies. Provide an example of a company or product that would use each one and why this is effective for them. Be sure to document all sources used. Bonus Question (2 points): Describe some (3-5) key elements of a Lean Strategy and why you personally think they are important.

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