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 ...

For manufacturers seeking to improve operational performance, understanding how waste appears on the shop floor — and how to ...

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 ...

Lean manufacturing centers around minimizing waste and reducing costs through automation and continuous improvements in operational efficiency. Lean manufacturing relies on integrated technological ...

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 ...

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.

I did a webinar for IndustryWeek late in 2012 titled “How To Implement Lean Manufacturing -- And Virtually Guarantee Failure.” Many who watched my webinar were surprised when I stated that the most ...

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 ...

Lean production philosophy centers on the elimination of waste in all forms in the workplace. Specific lean methods include just-in-time inventory management, Kanban scheduling systems, 5S workplace ...

Although the lean production system has been around for more than a quarter-century, myths and misunderstandings persist. Here are five of the biggest misconceptions about lean: A basic premise of ...