Example of Investment and Return with Lean

Lean and the Profit Equation TAGS: | | | | | | | | | | | | | | | | | | | | | | To examine the impact lean implementation can have on a business, let’s look at the high-level super-simplified equation for profit. PROFIT = REVENUES – EXPENSES Components of the revenue term …Continue reading →

hose water earth day

Wait, There Are More Wastes? TAGS: | | | | | | | | | | | | | | | | Well, yes, there are more wastes but they don’t fall under the category of “process wastes.” These wastes have their own way of being eliminated or minimized. Waste of utility …Continue reading →

8 Wastes – Excess Motion TAGS: | | | | | | | | | | | | | | (This is the seventh in a series of deeper dives into the 8 lean wastes.) The lean waste known as excess motion is exactly that – having to move more …Continue reading →

8 Lean Wastes – Inventory TAGS: | | | | | | | | | | | | | | | | | | (This is the sixth in a series of deeper dives into the 8 lean wastes.) Excess inventory is a significant problem in that is affects business operations in many ways …Continue reading →

Time – The Non-Renewable Resource TAGS: | | | | | | | | | | | | | | | | | The most important type of savings provided by lean implementation? It’s not money, it’s not people. It’s time. Time is the ultimate non-renewable natural resource. Once a second has passed, …Continue reading →

Why Is Lean Important Today? (More Fatalistic View) TAGS: | | | | | | | | | | | | | | | | | | So we’re struggling through the worst economic downturn in our lifetimes, and based on the varying opinions of all the economic experts no one knows for sure when it will …Continue reading →

What is lean? TAGS: | | | | | | | | | | | | | | | | | | | | Before you can run off and start using lean principles or figure out why lean is so important, you have to first ask, “What in the heck is ‘lean’ anyway?” …Continue reading →

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