Single Minute Exchange of Die (abbreviated SMED) is one of the many lean manufacturing techniques designed to speed up product switching processes and decrease wasteful manufacturing practices. SMED is essential in increasing productivity while reducing waste levels in manufacturing operations.Shige...Read more

#CompetitiveAdvantage #CostSavings #EmployeeEngagement #Flexibility #ImprovedQuality #IncreasedProductivity #LeanManufacturing #ReducedChangeoverTime #ResourceUtilization #Scheduling

Just-In-Time was developed in post-World War II Japan as a production model that reduces inventory costs while meeting customer demands in real-time. Accurate demand forecasting is vital to this method of manufacturing and delivery.JIT relies on local sourcing, which may be more expensive. Furthermo...Read more

#CostEfficiency #EnvironmentalBenefits #Flexibility #IncreasedCashFlow #InventoryReduction #MarketAdaptability #QualityImprovement #ResourceOptimization #SimplerLogistics #SupplierRelationships

Lean Principles are a Scrum project management methodology that promotes waste elimination. While initially developed for manufacturing purposes, these principles have since found widespread application within service delivery.Lean begins by identifying value. Any process or activity that doesn't ad...Read more

#CompetitiveAdvantage #CustomerCentric #EmployeeEngagement #Flexibility #IncreasedProductivity #QualityEnhancement #ResourceOptimization #Sustainability #Transparency #WasteReduction