Lean Manufacturing: What It Is and Why It Matters
Manufacturing companies today are facing increasing competition, tighter profit margins, and changing consumer demands. To survive and thrive in this environment, many companies are turning to lean manufacturing as a way to reduce waste, increase efficiency, and improve overall productivity. So, what exactly is lean manufacturing? At its core, lean manufacturing is a philosophy and methodology that seeks to minimize waste and maximize value for the customer. This is achieved by focusing on continuous improvement, eliminating non-value-added activities, and empowering employees to contribute to the success of the company. One of the key principles of lean manufacturing is the concept of just-in-time (JIT) production. JIT production involves producing only what is needed, when it is needed, and in the amount needed. This helps to reduce inventory costs, minimize waste, and improve overall efficiency. Another important principle of lean manufacturing is the use of visual management techniques, such as kanban boards…
