Thursday, November 24, 2011

Lean Manufacturing

James Womack coined the phrase "Lean Manufacturing" in his 1990 book "The Machine That Changed The World". The lean concept is a derivative of the Toyota Production System and Just In Time Production systems. Lean means manufacturing without wasted material, time, equipment and inventory. Most companies waste 70% to 90% of their resources. Even the best Lean Manufacturers waste about 30%.
More Business and Management

No comments:

Post a Comment