Last updater Thu, 11-Feb-2021
5 Lessons
00:00:00 Hours
English
Lean manufacturing is a methodology that focuses on minimizing waste within manufacturing systems while simultaneously maximizing productivity. Waste is seen as anything that customers do not believe adds value and are not willing to pay for. Some of the benefits of lean manufacturing can include reduced lead times, reduced operating costs and improved product quality.
- Virtually, implementation of lean manufacturing can boost labor productivity by up to 400% during the first year. Using even one of its principles can increase the efficiency of the enterprise by 30-50%.
- Increased product quality: Improved efficiency frees up employees and resources for innovation and quality control that would have previously been wasted.
- Improved lead times: As manufacturing processes are streamlined, businesses can better respond to fluctuations in demand and other market variables, resulting in fewer delays and better lead times.
- Sustainability: Less waste and better adaptability makes for a business that’s better equipped to thrive well into the future.
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