Waste isn’t to be found only in a company’s operations and manufacturing activities. It can be a drag on innovation in the R&D department as well. As businesses in every sector make their way through an uncertain economy, launching new products that deliver value to customers and create new revenue streams is a critical but difficult task.
Stability on the floor, and all of the subsequent positives associated with stability, are the objectives of this lean tool
Nobody knows just yet how the auto industry will adopt 3D printing. But Desktop Metal Inc. (Burlington, MA) is in a better position than most to make an educated guess.
Manufacturing companies are responsible for creating products to deliver to their customers. Of course, a production system needs to be in place to understand how much product needs to be made.
At Lyall, we’ve been manufacturing components in the natural gas distribution industry for over 45 years, and we’ve spent the past 16 of those years implementing lean manufacturing principles in everything we do.
Manufacturing faces “continued risk for disruption” and uncertainty in 2020, consulting firm Deloitte said in a report.
Purchasing and supply executives expect manufacturing to continue expanding in 2019, according to a survey by the Institute for Supply Management.
The growing skills gap is causing trepidation among manufacturers and the lack of millennials building careers within the industry is part of the concern.
Automotive supplier Faurecia (Nanterre, France) decided it needed to get serious about Industry 4.0 fast.
When a manufacturer has excess inventory not adding value to the process, the inventory is hurting the company’s balance sheet, and is by definition wasteful.