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 ...

Because lean manufacturing reduces waste and increases the efficiency of your production line, it has an impact on other parts of the business. Converting to the new system requires adjustments within ...

Many business schools around the world claim their teaching and learning experiences are grounded in practice-based and industry-oriented philosophies. However, in my experience, it’s rare to see this ...

Companies that have utilized lean manufacturing principles know a thing or two about cutting waste. With inauguration day behind us, we’ve already seen some of the first big moves from the new ...

Lean manufacturing isn't just a trendy concept; it's a strategic framework designed to streamline processes, slash costs and boost productivity. By minimizing waste and focusing on value-added ...

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 ...

OEE recently celebrated its first birthday at manufacturer Caterpillar Forest Products in LaGrange, Ga., and the anniversary has been a good one. The metric, more formally referred to as overall ...

The manufacturing industry is undergoing a significant shift as digital transformation takes centre stage. Lean management principles are more crucial than ever to streamline processes and improve ...

Manufacturing continues to stand as one of the final frontiers to digital transformation. We are now a decade into Industry 4.0, and all of us can agree that it’s been an exhilarating ten years.

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 ...