Traditional Startups demand that the entrepreneurs formulate a comprehensive 5-year Business Plan. The approach that traditional startups typically adopt is a linear, effort-intensive, and costly process that necessitates in-depth reflection, planning, and execution with minimal customer interaction and feedback. The approach requires careful deliberation over detailed financial projections during the planning phase to make potential […]
Tag Archives | lean manufacturing
Lean Product Development: Talent Development
Top products are the creation of top designers and developers. Lean Product Development helps in developing expert designers and developers, who are excellent problem solvers and are adept at creating innovative solutions. Developing Key Talent for Product Management accelerates Innovation and time to market while lowering costs. Managers responsible for developing creative products and solutions need […]
Lean Product Development & Innovation
Improving Product Development competencies in designers and developers is a concern for senior leaders in the manufacturing sector. The approach most organizations take in developing Human Resources does not go beyond staffing the cream of the crop from leading global educational institutes. Talent Development to them is, typically, sending their people to attend workshops and […]
Warehouse Key Performance Indicators
Key performance indicators (KPIs) are measures of a company’s strengths and weaknesses of the business. They should be used in comparison to the external competition and internal customers to improve company’s economic standing. In Supply Chain, the warehouse is a critical function. Should products not move effortlessly within the warehouse, a business could come to face […]
Just-in-Time vs. Just-in-Case: An Inventory Dilemma
As manufacturers are reaping the benefits of Lean and Lean Six Sigma or other continuous improvement processes within their facilities, the importance of eliminating waste still hold sway. So the question now facing these manufacturers is this: Has the time come where Just-in-Time (JIT) inventory levels need to be changed to Just-in-Case levels? With the […]
Achieve Operational Excellence – Gemba, Lean, Kaizen
Operational Excellence is an element of organizational leadership that stresses the application of a variety of principles, systems, and tools toward the sustainable improvement of key performance metrics. Much of this management philosophy is based on earlier continuous improvement methodologies, such as Gemba Walk, Lean Manufacturing, and Kaizen. The focus of Operational Excellence goes beyond […]
