Eliminating labor and material waste in the manufacturing process. Lean production includes eliminating products with less value to the customer and moving those resources to products that have ...

Lean manufacturing and Six Sigma principals are used to improve processes and create efficiencies in the overall manufacturing process. Lean manufacturing is used to minimize waste, while saving costs ...

Lean manufacturing starts with “buy in” at the shop-floor level, by individual workers. Those who do the work need to be fully invested in the process for it to succeed. Lean manufacturing is perhaps ...

Lean Six Sigma is an approach for efficiency in manufacturing and business that uses statistical modeling with the goal of delivering stable and predictable results. The original Six Sigma philosophy, ...

Lean manufacturing isn't just a trendy concept; it's a strategic framework designed to streamline processes, slash costs and boost productivity. By minimizing waste and focusing on value-added ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

It’s a question that crops up with amazing regularity: What’s next after lean manufacturing? It’s an odd inquiry, really, because it implies that you “finish” lean or toss it aside in favor of the ...

Waste is any effort or processes, whether in production, administration or logistics, that's unnecessary. It makes a company hemorrhage cash. In lean manufacturing, multiple value steams are unified ...

Heres a quick exercise for you. It will just take a minute at your computer. Do a search on the phrase lean cost cutting. Do a quick scan of the articles that are listed. Notice how closely lean and ...