Some examples of lean manufacturing include minimizing inventory, simplifying changeover routines and reducing employee wait times. Lean manufacturing involves finding ways to reduce all types of waste in the manufacturing process. This process is common in the automobile manufacturing industry.Continue Reading
Lean manufacturing starts with the premise that anything that doesn't add value to the customer is waste. Typical areas of waste include transportation, inventory, motion, wait periods, over-processing, overproduction and defective end products. Transportation is reduced by storing products at the manufacturing or sales site. Inventory is kept small to avoid storage costs and waste. Motion is minimized by storing things in logical places and setting up assembly lines to keep workers in place. Reductions in wait periods come from proper timing in the manufacturing process. Over-processing is avoided by keeping product improvement to those areas that customers really want. By avoiding overproduction, manufacturers avoid being left with unsold products. Quality control is increased to avoid defective products that are returned and need to be repaired.
The lean manufacturing movement started in the 1980s with the Toyota Production System. A key factor in lean manufacturing is getting employee feedback in all areas of production. Those workers directly involved in the manufacturing process often experience the production of waste and have good ideas on ways to prevent it.Learn more about Manufacturing
Lean manufacturing is a business model that focuses on the elimination of waste. This can include focusing on how to deliver the same-quality product on time and at a lower cost.Full Answer >
MRP stands for material requirements planning, which is a computer-based, inventory control system that is designed to assist production managers in planning, scheduling and managing manufacturing processes. MRP systems ensure that a company has sufficient products to delivery to clients, raw materials available for production and manufacturing activities well planned.Full Answer >
Computer-aided manufacturing, commonly referred to as CAM, is used to create machined parts for a number of purposes, including orthopedic implants and vehicle powertrain systems. Many manufacturers in a wide variety of industries rely on computer-aided manufacturing to produce high-quality parts for their customers.Full Answer >
According to Industry Week's 1,000, the top five manufacturing companies in the world in 2015 are based in the oil and chemical products industries. Ranked by gross annual revenue, the top five for 2015 included China Petroleum & Chemical Corporation, Shell, Exxon Mobil, Petro China and British Petroleum.Full Answer >