lean production definition
a business strategy that minimizes costs and enhances quality by cutting out anything that doesn’t add quality
evaluation of Kaizen
+ increased productivity due to reduced waste
+ reduces unit costs
+ boosts moral of employees
Evaluation of Just in Time
+ less storage space as lower stock holding
+ less money tied up in stock
+ easier to quality check
evaluation of cell production
+ teamwork improves communication
+ multi-skilling can motivate staff
+ more flexible for future business needs
evaluation of time based management
+ allows for quicker response to customer’s needs
+ faster new product development
+ reduction in waste