When given the directive to implement Lean Manufacturing, many businesses simply don’t know where to start. Small businesses, in particular, find themselves in this quandary. Let me try to answer this perplexing question in this blog. Firstly, if you are a small business and are borderline profitable, you need to focus on actions that will …
Lean Manufacturing is an oft used term in today’s global business world. It came out of the “Toyota Production System” and evolved from there. However, it is my view that this is now an outdated term for a process that we should describe as Operation Optimization. I believe that the “lean tools” are just that, …
Low-cost country sourcing is another oft used term in the global business world for outsourcing product to China, India, Africa, Mexico, or other countries. To determine if it is really a good decision for your business to source in low-cost countries, there should be many considerations beforehand. Something to consider would be the amount of …
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