THE BENEFITS OF LEAN MANUFACTURING AND ELIMINATING WASTE

Lean manufacturing helps organizations to do more with less. With a focus on both customer needs and profit, Lean manufacturing works to reduce waste by evaluating what is essential to achieve overall success in both imperatives. Lean works to reduce waste by categorizing them in eight sections, including:

BENEFITS OF ELIMINATING THE 8 WASTES

Many benefits can be reaped from eliminating waste in your organization, including:

INCREASED PROFITS

Eliminating waste can be beneficial to company profits. With lower overhead and better utilization of time and resources, profits are increased.

SATISFIED CUSTOMERS

When the 8 wastes are eliminated, customers are more likely to be satisfied because your company will be producing higher quality products quickly and affordably.

IMPROVED PERFORMANCE

Overall company performance can improve when waste is eliminated. This is because the process of eliminating the 8 wastes allows for streamlining and automating of business processes.

LOWERED RISKS

Lean practices can also lower risks. This is because one of the main goals of lean practices is to improve company quality by reducing risk factors that have the potential to dissatisfy the customer.

HOW TO IMPLEMENT LEAN PRACTICES

Lean practices should be implement after a company has learned to see its operations in the eyes of a customer. Training should be provided so that employees can be aware of what exactly the 8 wastes of lean look like and why they need to be avoided. A great acronym for companies to use to remember the 8 wastes is DOWNTIME.

Can you rely on your instruments to be accurate?
Check out our guide to understanding calibration.