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Complete Taking Stock 1 on page 723 in your text. Explain your analysis using operations management related principles in 200 words.
Taking Stock
1. What trade-offs are involved in shifting from a traditional operations system to a lean system for:
a. A manufacturing firm?
b. A service firm?
(Stevenson, William. Operations Management, 10th Edition, 10th Edition. McGraw-Hill Primis Custom Publishing, Apr-10. p. 733).

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