Lean thinking in manufacturing and tech startups
I was introduced to lean business theories while attending MIT. One of my supply chain management instructors, Charles Fine, mentioned Lean Manufacturing (also known as Lean Production) in a discussion of different approaches to producing textiles, electronics, and other factory-made goods.
Lean Manufacturing is an established concept in heavy industry, emerging from the study of successful Japanese companies in the 1970s and 1980s. At the time, there was widespread angst in North America and Europe over unexpected gains by Japanese auto and electronics manufacturers. Business leaders ...