Lean manufacturing is a way for companies in the manufacturing industry to improve themselves by taking a look at how they run their processes. It is a highly popular philosophy in manufacturing, but there are many who are still unfamiliar with why it works so well. This is a shame as lean can be crucial for a business, especially in manufacturing where margins can be small and small improvements in ROI can be significant.
Lean manufacturing looks to remove all sources of waste and improve all kinds of productivities. It was pioneered in Japan, evolving from Toyota’s approach to production. Below we explore several principles to lean manufacturing. The 8 Wastes Waste is bad; at the end of the day, it’s bad for your finances and it is bad…
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