Lean’s three guiding principles involve purpose, process and people. “The primary purpose of any organization—and first step in any Lean thought process—is to correctly specify the value that the ...

You’re probably familiar with the principles of lean manufacturing. Stripped to its roots, lean focuses on decreasing waste, increasing value to the customer and a process of continuous improvement.

he Toyota Production System, which was developed from the late 1940s through the mid-1970s by top Toyota executives to improve the company’s manufacturing processes, is now used by numerous companies ...

Lean manufacturing concepts eliminate wasteful practices while delivering increased value to the customer. These principles are simple to apply but require full employee participation and relentless ...

With all the fervor of the freshly converted, proponents of Six Sigma and lean manufacturing have frequently clashed over the alleged superiority of one ideology above the other, fighting over ...

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 ...

Single-piece production is a staple of lean manufacturing. Microlab, a manufacturer of high-performance components such as directional couplers and filters for RF and microwave distribution systems, ...

Henry Ford gets the credit for creating the first moving assembly line and revolutionizing the process of making cars, as well as manufacturing in general. And rightly so, but what Henry Ford also did ...

Because lean manufacturing reduces waste and increases the efficiency of your production line, it has an impact on other parts of the business. Converting to the new system requires adjustments within ...

Most manufacturers know they need to operate lean, especially with all signs pointing to a slow economic recovery. But many recoil at the thought of 'lean manufacturing,' as it is widely regarded as ...