Understand some of the basic principles of Lean thinking, Understand what a problem is, Understand the basic approach to problem solving in a Lean culture, Understand applications for problem solving ...

Lean manufacturing has been surrounded by many misconceptions and myths over the past 10 years. While there are enough erroneous ideas on lean to fill many articles, we are going to focus on just one ...

First principles thinking is a method of problem-solving that involves breaking down complex issues into their most basic and fundamental parts. Originating from ancient Greek philosophy and ...

The more I learn about lean, the more I think many -- if not most -- lean practitioners are missing the point. Lean is not the tools and practices, and it's not even as much about understanding the ...

Krishna Valluru applies Lean to financial services: 50% faster processes, 25% cost savings, 30% error reduction via value ...

Many business owners may have heard of and implemented lean production principles - a method for eliminating waste - or Six Sigma, a data-driven approach to eliminating defects, but practitioners ...

Please provide your email address to receive an email when new articles are posted on . Editor's note: This case study began in December 2015 after a paper was published in Administrative Science ...

Lean manufacturing may be decades old, but its relevance is only growing stronger in the age of Industry 4.0. As manufacturers increasingly adopt smart manufacturing technologies, a powerful evolution ...