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 ...

The terms lean manufacturing and "just in time," or JIT, are often used as if they're the same thing, but they aren't identical concepts. Just-in-time manufacturing is focused on efficiency, while ...

To remain competitive, manufacturers must utilize "lean manufacturing" — operating with maximum productivity and process efficiency, while generating quality products. Although establishing processes ...

It’s not another "flavor of the month" or one more program that senior management tries in the quest for greater efficiency. Instead, lean enterprise offers significant company and customer benefits ...

It is imperative to predict or at least know the quantified financial benefit of the Lean Journey. Often, firms can show improvement in terms of cycle times and setup times, but the expression and ...

In today's manufacturing environment, assembly work is routinely characterized by short production cycles and constantly diminishing batch sizes, while the variety of product types and models ...

What Is Value Stream Mapping (VSM)? What is a value stream? A value stream represents the series of actions an organization takes to design, create, and deliver a product or service to its customers, ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...