For over three decades, companies have embraced the Lean manufacturing approach to streamline operations and maximize efficiency. However, in the age of Industry 4.0, a new horizon of transformation is emerging. Organizations are now exploring the convergence of digital and physical systems to take operational excellence to the next level. This exciting shift, where Lean...
Lean management strategies are being used by businesses and organisations to improve their performance as they deal with escalating competition and shifting client demands. Lean Six Sigma (LSS) tools can help your business generate greater value by cost optimization and process improvement. In this article, we will talk about Leverage Value Stream Mapping to Maximize...
As we are on the path of pandemic recovery, things are settling down with the adoption of new normal being the only way out. Several alarming situations have given rise to challenges across sectors due to disrupting supply chains, increasing fuel prices, inflation, geopolitical tension among the superpowers, and so on. However, economists have proposed...
“Value” is defined as an action or process that a customer is willing to pay for. Value streams are all the actions (both value-added and non-value added) currently required to produce a product that meets customer demand. VSM is a pencil paper tool that means improving the whole process of manufacturing, not just an isolated...
In today’s highly competitive market, cost factor plays a significant role in sustaining the competition. Every organization is working on cost reduction for their products or services. But, while working on cost reduction it is equally important to preserve the value of the product / service. Hence, to explore the ways of cost optimization, Team...
Value Stream Mapping (VSM) has been around since quite some time now, as a lean business practice tool. In recent times, it is evident that this tool has been helping organizations define and increase material velocity and eventually have a positive influence on customer experiences and profitability. What is Value Stream Mapping? Value Stream Mapping...
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Copyright ©2022. All rights reserved. Web Design by Interactive Webstation.
