DECEMBER 20206 MANUFACTURING TECHNOLOGY INSIGHTSIn post-WWII Japan, the Japanese firm Toyota developed a revolutionary production process now known as lean manufacturing. Initially began as a method to compete with Western automakers, this highly successful method for reducing waste, improving flow, and increasing production soon culminated into a revolutionary production mentality across the world.Lean Manufacturing principles were initially developed to maximize resource utilization through minimization of waste; later on, lean was formulated in response to the fluctuating and competitive business environment. These principles define the value of the manufacturing products as perceived by the customer and then creates a flow that is in-line with the customer pull while striving for perfection through continuous improvement by sorting out Value Added activity (VA) and Non- Value Added Activity (NVA).The successful implementation of lean principles depends on several aspects, including Value Stream Mapping (VSM), Cellular Manufacturing (CM), U-line system, Line Balancing, Inventory control, Single Minute Exchange of Dies (SMED), Pull System, Kanban, Production Levelling, and others. These principles operate in contrast to the mass production method developed by Henry Ford and emphasize systematic ways to increase efficiency and customer satisfaction by focusing on smaller batches to smooth production flow in the plant. More importantly, be it small, medium, or large-scale manufacturing plants, Lean manufacturing principles allow them to gain a competitive edge over their counterparts by emphasizing lean manufacturing's key objectives such as simplicity, flow, and balance.In this edition of Manufacturing Technology Insights, we are including some of the players that are transforming manufacturing with innovative lean consulting/services.Let us know your thoughts!Lean ManufacturingEditorialCopyright © 2020 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Contact Us:Phone:510.936.8381Fax:510-894.8405Email:sales@manufacturingtechnologyinsights.comeditor@manufacturingtechnologyinsights.commarketing@manufacturingtechnologyinsights.com DECEMBER - 17 - 2020, Vol 06 - Issue 34 (ISSN 2644-2493) Published by ValleyMedia, Inc. To subscribe to Manufacturing Technology InsightsVisit www.manufacturingtechnologyinsights.com Editor-in-ChiefLaura DavisEditorial StaffSalesVisualizerRonald DonovanAnnie Mathewsannie@manufacturingtechnologyinsights.comAva Gracia Peter ThomasRose DcruzAaron PaulTECHNOLOGY INSIGHTSTECHNOLOGY INSIGHTSLaura DavisEditor-in-ChiefManufacturing Technology InsightsWrite to useditor@manufacturingtechnologyinsights.com*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
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