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, by its very nature, requires cooperation from all employees from management to the shop floor. Driving process improvements through lean processes can only be achieved with ...

Lean manufacturing and green manufacturing are not always considered at the same time as companies plan their factory improvement initiatives. Often, in “going green,” a company will aim for a certain ...

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 ...

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 ...

You might have heard about lean manufacturing techniques and how they’ve helped companies such as Toyota streamline their processes, reduce waste, minimize costs and increase productivity. But if ...