In practice, lean manufacturing is an operating philosophy that yields a number of long-term benefits that aren’t always obvious to those who are considering adopting it. The first thing most ...

Lean manufacturing and Six Sigma principals are used to improve processes and create efficiencies in the overall manufacturing process. Lean manufacturing is used to minimize waste, while saving costs ...

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.

You’re probably familiar with the principles of lean manufacturing. Stripped to its roots, lean focuses on decreasing waste, increasing value to the customer and a process of continuous improvement.

Lean manufacturing guru Taiichi Ohno once said, "Costs do not exist to be calculated. Costs exist to be reduced." A lean manufacturing company vigorously attacks waste in all its forms, which in turn, ...

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 ...

Digital information technologies can help companies enhance their lean manufacturing strategies. Tim Stuart, founder and president at Visual Decisions Inc., used a FitBit to illustrate how. “FitBit ...