Tuesday, November 5, 2013

Lean Benefits

By applying Lean Tools & Concepts to organizations, it is typical to realize improvements of:
  • 50% in productivity
  • 75-100% in WIP reductions
  • 75% quality improvements
  • 50-75% space reductions
  • 75-100% in cycle time reductions

The basic goal of Lean is to get more done with less by:
  • Minimizing inventory at all stages of production
  • Shortening product cycle times from raw materials to finished goods
  • Eliminating waste
...thereby increasing capacity and reducing costs, which will allow you to overtake competition, sell and produce more, improve profitability and market share, and grow the company.

On their own the individual Lean Tools and Concepts will provide certain measurable benefits, but used in the right combination for your business, across the whole value stream, they will lead to more dramatic gains.

See this and other newsletter articles at http://amt-mep.org/files/8913/8365/8626/2013-11.pdf

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