January 2015
Beginner
344 pages
7h 36m
English
Content preview from Key Management Models, 3rd Edition
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46
Lean thinking/just-in-time
The big picture
Lean thinking is also known as lean manufacturing, or the Toyota philosophy. Lean focuses on the removal of muda (waste), which is defined as anything that is not necessary to produce the product or service. In lean thinking, inventories are considered to be the root of all evil. High inventories cover up all the real problems of an organisation and prevent it from becoming more flexible and efficient. If the inventories are reduced on a structural base, the real problems will become apparent, and they can then be solved accordingly.
Lean thinking, and in particular its operations strategy just-in-time ...
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