Just-In-Time (JIT) Production
Just-in-Time production is a practice within lean manufacturing that makes items “just” at the time demand requires, and not for surplus inventory; its purpose is waste minimization. KEY TAKEAWAYS Demand-driven instead of inventory-driven Eliminating surplus eliminates waste and cost Key aspect of lean manufacturing and TPS JIT’s Origins: Toyota Production System or Lean Manufacturing? Just-in-time […]
Kaizen (Continuous Improvement)
What is Kaizen? Directly translated, Kaizen is a Japanese word meaning “change for the better”, or “continuous improvement” as it is more commonly translated. The central idea is that it is always better to take the time to make improvements, even if operations are slowed down as a result. This may seem extreme but we’ll […]
Key Performance Indicator (KPI)
What are KPIs? Key Performance Indicators (KPIs) are defined metrics that companies use to track performance next to established goals and objectives. These can be anything from sales stats, quality output, and waste mitigation. Within manufacturing, KPIs enable industry leaders to collect valuable insight into their operational, financial, and customer performance. These insights can then […]
Lead Time
What is Lead Time Lead Time is the period between the customer placing an order and the product being delivered. It begins at the initiation of the purchase process and ends at the completion of the transaction. In many ways, Lead Time is the customer’s experience of the entire manufacturing process. Customers make their order, […]
Lean Manufacturing
What is Lean Manufacturing? Lean Manufacturing is a production methodology used by manufacturers to eliminate waste, optimize value for the customer, and boost company productivity. By focusing on factors that add value and cutting activities that cause waste, companies can create more value while pursuing greater operational efficiency. Essentially, Lean Manufacturing is a win-win scenario. […]
Lean Six Sigma
As companies have mixed and matched business management philosophies throughout the years, many have found that the methodologies of Lean Manufacturing and Six Sigma work well in complement with each other. Thus, Lean Six Sigma was gradually adopted through a dual minded purpose of reducing both variations and waste. KEY TAKEAWAYS LSS marries the data-based […]
On Premises
On Premises, also known as on-premises or on-prem, is a type of licensed software that is independently hosted on a private server physically at the client’s location. It is the alternative to Software-as-a-Service, which is based on cloud computing. KEY TAKEAWAYS On premises (or “on-prem”) is installed software “on” the customer’s “premises” Opposite of cloud-based […]
Economia a zero emissioni
Il cambiamento climatico sta influenzando drasticamente il settore della produzione industriale globale e i leader del settore manifatturiero stanno rispondendo alla sfida. Investendo in strategie sostenibili come i green collar jobs e adattandosi al cambiamento, possiamo migliorare il quadro che abbiamo costruito per la produzione e lo scambio globale. Gli spunti per questo argomento provengono […]
Net-Zero Economy
Climate change is drastically affecting the field of global industrial production, and manufacturing leaders are responding to the challenge. By investing in sustainable strategies like green collar jobs and adapting to change, we can improve upon the framework we have built for global production and exchange Insight for this topic comes from Green Collar Jobs, […]
Economía neta cero
El cambio climático está afectando drásticamente al ámbito de la producción industrial mundial, y los líderes de la industria manufacturera están respondiendo al desafío. Invirtiendo en estrategias sostenibles, como los empleos de cuello verde, y adaptándonos al cambio, podemos mejorar el marco que hemos construido para la producción y el intercambio mundiales. La información sobre […]