1. Lean producers set their sights on perfection: no inventory, no bad parts, only value added activities, and no waste. How do these attributes impact supply chains?
2. Education is the largest expense in a state budget. What might be some effects on our communities due to this?
3. List three types of procurement contracts and define what types of projects they would be used on. In addition, explain how the contract manages risk and who holds the risk in each example.