Lean manufacturing is an inventory-management and manufacturing strategy that companies implement to reduce costs, increase productivity and gain a competitive advantage. The techniques lean ...

Lean manufacturing and green manufacturing are not always considered at the same time as companies plan their factory improvement initiatives. Often, in “going green,” a company will aim for a certain ...

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 mechanical contractors are moving more work to the shop because it makes sense. It is safer, delivers better quality, and is an answer to address the shortage of skilled field craftsman. As cited ...

It appears that like many Americans, drug company manufacturing ops are far from lean. In a long-term cross-industry study that uses inventory turns as an indicator, pharmaceutical companies hold the ...

In the 1990s, Tim Cook shifted Apple (NASDAQ: AAPL) to an incredibly efficient, contract-based manufacturing model. In this segment from the Industry Focus: Tech podcast, Dylan Lewis and Evan Niu talk ...

Lean accounting concepts are designed to better reflect the financial performance of a company that has implemented lean manufacturing processes. These may include organizing costs by value stream, ...

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 ...

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 ...

When properly identified and diligently managed, capacity and utilization are the North Star for navigating a strategic growth plan. Without attention to and understanding of these two elements, ...

In machine shops, the “parts” — i.e., the raw materials, MRO supplies and equipment, works-in-progress, and the finished goods — are vital role in the success of the business. Without effective ...