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Economic Perspectives, 18, 3rd, No. 4, July 1994
The impact of lean manufacturing on sourcing relationships
During the last decade, U.S. manufacturing has experienced various changes in its cyclical and structural envivronment. Among them are the severe back-to-back recessions of the early 1980s and the widespread restructuring efforts undertaken in its wake, as well as increased foreign competition, great exchange rate volatility, and most recently, the build-down in the defense sector. In addition, the very core of manufacturing has been changed by the introduction of a new paradigm, the so-called lean manufacturing system. It deserves special attention because of its potential long-term effects.


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