When Is A Change In Management Required In Lean Manufacturing?
The Wikipedia Website defines lean manufacturing as a management issue or philosophy that focuses on the elimination, if not reduction, of the seven wastes. The so-called seven wastes are identified by labor experts as the factors, both huge and little, that effect or influence the profitability of the given company. You know that companies spend most of their capital on investments, equipment and work force. The investments are expected to generate revenues, which in turn decide on whether the company will keep afloat.
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