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 ...

The terms lean manufacturing and "just in time," or JIT, are often used as if they're the same thing, but they aren't identical concepts. Just-in-time manufacturing is focused on efficiency, while ...

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 ...

Manufacturers can identify and reduce waste using tools such as value-stream mapping. Process efficiency programs at pharmaceutical companies-whether called operational excellence, lean manufacturing, ...

With the UK being the ninth largest manufacturing nation in the world, it’s a highly competitive sector that is leading manufacturers to take every step available to bring costs down. Lean ...

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 ...

In practice, lean manufacturing is an operating philosophy that yields a number of long-term benefits that aren’t always obvious to those who are considering adopting it. The first thing most ...