Lean manufacturing aims to eliminate all seven of these types of waste in order to create a more efficient and effective production process. Become a mean lean manufacturing machine There you have it — with everything you’ve learned about lean principles, you are in a great place to start ...
Bundle products:You may be able to offload dead stock by bundling it with another, related item and selling the bundle at a price that’s less than what customers would pay for the items separately. This approach is also known as “kitting.” Like all tactics to offload dead stock, your ...
The time begins when a customer puts in an order and ends when they receive the finished product. As such, it encompasses all stages of the production process, from customer order processing to manufacturing to shipping, although it doesn't apply exclusively to physical goods. Order lead time ...