What defines the term "exceptionally lean performance" in virtual companies?

The term "exceptionally lean performance" in virtual companies emphasizes the importance of efficiency and resource optimization while maintaining flexible supplier relationships. This approach allows virtual companies to streamline their operations, reduce waste, and respond swiftly to market demands without being bogged down by excess inventory or rigid internal structures.

High efficiency in supplier relations means leveraging partnerships to ensure a steady supply of materials and services only when needed, thus reducing carrying costs and minimizing waste. Such practices are pivotal in lean management, enabling companies to provide better value to customers while adapting quickly to changing requirements. This adaptive strategy distinguishes virtual companies from traditional operational models, where a focus on high inventory levels or fixed roles could hinder responsiveness and agility in the market.