Lean Manufacturing

Operations Management

Operations management (OM) is the administration of business practices to create the highest level of efficiency possible within an organization. It involves the design, implementation, and improvement of systems and processes that create and deliver goods or services. Key Characteristics / Core Concepts Process Optimization: Focusing on streamlining workflows for maximum efficiency. Resource Allocation: Strategically … Read more

Lean Manufacturing

Lean manufacturing is a systematic method for minimizing waste within a manufacturing system while maximizing customer value. It focuses on identifying and eliminating non-value-added activities to improve efficiency and reduce costs. Key Characteristics / Core Concepts Waste Reduction (Muda): Identifying and eliminating seven types of waste: transportation, inventory, motion, waiting, overproduction, over-processing, and defects. Value … Read more