If there is one enemy of business success, it is this: Wastefulness, inefficiency, and uselessness. This is the definition of the japanese word muda, a household name in lean manufacturing circles but an infinitely valuable one for every business professional who learns to root out and destroy this sprouting cancer at every available opportunity. In lean … [Read more...]
Takt time is a lean manufacturing concept which represents the exact rate at which a plant must produce its product to satisfy demand. It is measured in time per production step (minutes, hours, etc.). Although order levels fluctuate for many products and factories, the underlying demand tends to be constant. Hence, the production rate of the plant should … [Read more...]
Starting from a point of almost complete ruin after World War II, the Toyota Motor Company rose to become the largest car maker in the world in the mid-2000's. This resulted in many inquiries into the source of their success. Starting in 1988, the engineers and architects of Toyota's success began to open up. As a result, the Toyota Production … [Read more...]
