Traditional manufacturing refers to manufacturing principles focused on producing a certain set number of products each period and holding a reserve in case of unexpected demand or shortages. This ...

Does your business have a framework for solving problems? Lean expert Art Smalley was one of the first Americans to work for Toyota Motor Corporation in Japan. There, he learned how to problem solve ...

Lean manufacturing is all about making as much money as possible and streamlining the manufacturing process. In many cases, this means limiting customer options. Conversely, flexible manufacturing is ...

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, ...

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 ...

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 ...

It’s a question that crops up with amazing regularity: What’s next after lean manufacturing? It’s an odd inquiry, really, because it implies that you “finish” lean or toss it aside in favor of the ...

Another wave of lockdowns will renew concerns about supply chains and shortages. As a grower of fresh mushrooms, for decades I experienced the difficulties of filling orders during wild fluctuations ...

A lean business model is an approach to business development that focuses on creating value for the customer while minimizing waste within the organization. This model derives its core principles from ...

(Reuters) - Lean manufacturing principles, widely touted by companies as an effective way to eliminate waste and boost the bottom line, often do not achieve targeted cost savings, according to a study ...