Discover what-is-lean, its principles, and benefits. Learn how lean manufacturing boosts efficiency and reduces waste.
What is Lean? Learn the Methods and Tools of Lean to Improve Any Process3:29 Overview of the methods and tools of Lean that will help you reduce cycle time, inventory and customer complaints. Previous Video Next Video Books by Jay Arthur...
One of the main principles of the lean manufacturing methodology is to create customer value through the efficient manufacturing of products and services. The first step in the lean production process is to identify what product features are important for customers and which aren’t so you can foc...
Lean thinking helps teams in all disciplines to create more value and get more done. Learn the core principles of Lean marketing and see if it’s right for your team. What is Lean Thinking? At its core, Lean thinking is a mindset that helps you make smarter decisions about how to invest...
Lean is a systematic approach that helps an enterprise focus on continuous improvement of quality, cost, delivery, and safety by eliminating waste, creating flow, and increasing a system's ability to meet its customer demand. The "Shingo model" evaluates Lean performance in the categories of ...
Typically, a working capital ratio of 2:1 or higher is considered ideal, indicating that a company has enough current assets to cover its current liabilities twice over. A working capital ratio below 1:1 is generally considered low and could be a red flag for investors or creditors. ...
To achieve that goal, Lean manufacturing defines waste as anything that doesn’t add value to the customer. This can be a process, activity, product, or service; anything that requires an investment of time, money, and talent that does not create value for the customer is waste. Idle time...
What is lean management? Lean management is an approach to managing an organization that supports the concept ofcontinuous improvement, a long-term approach to work that systematically seeks to achieve small, incremental changes in processes to improve efficiency and quality. ...
Learn how lean management helps your business improve efficiency, productivity, and profitability. This blog includes its principles, tools, elements, etc.
Imagine acompany’s workflowas a river. BPR is not about directing the river through small channels or cleaning up the water; it’s about rerouting the river entirely or finding a new source. It involves looking at the very essence of the company’s processes and asking: “If we were to...