Lean’s three guiding principles involve purpose, process and people. “The primary purpose of any organization—and first step in any Lean thought process—is to correctly specify the value that the ...

IT a roadblock to progress? Never, you say. How can that be when IT lives and breathes innovation? Who else but IT dared to usher open source, XML, SOA, and cloud computing out of the high-tech labs ...

Lean manufacturing and green manufacturing are not always considered at the same time as companies plan their factory improvement initiatives. Often, in “going green,” a company will aim for a certain ...

The last few years have shaken the assumptions of the manufacturing industry. Supply chains and labor sources that had been dependable and robust crumbled before our eyes as the coronavirus spread. It ...

What does car manufacturer Toyota and Lucile Packard Children’s Hospital at Stanford University have in common? More than you might think. Hospitalists at the Palo Alto, Calif.-based children’s ...

It’s a question that crops up with amazing regularity: What’s next after lean manufacturing? It’s an odd inquiry, really, because it implies that you “finish” lean or toss it aside in favor of the ...

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Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Toyota Motor was ramping back production at its Japan-based factories on Wednesday after a computer system processing orders for vehicle parts broke down on Tuesday, forcing the closure of 14 assembly ...