Strategy Driven
OCTOBER 11, 2023
For small business owners, reducing operational costs is essential for the success of the company. Fortunately, there are several strategies to use for reducing operational costs and ensuring that a small business remains profitable. Below are eight effective ways to reduce operational costs in your small business.
Harvard Business Review
MAY 26, 2016
It involves replacing traditional mass manufacturing with “lean manufacturing” principles. Over the last thirty years, the lean approach — developed by Japanese automakers — has permeated the manufacturing sector in developed countries, but is much less commonly used in the developing world.
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Chart Your Course
OCTOBER 13, 2016
The concept of lean management derives from the manufacturing industry, where the focus is on the outflow of products rather than the waste that comes with it. In recent years, however, lean management has been expanded to include non-manufacturing functions , including human resources. Organizational Focus.
Deming Institute
OCTOBER 31, 2016
Practice ‘Good Thinking, Good Products’ at all times to raise the reputation of Toyota as a maker of quality products. Establish mass production systems, achieve low prices, and contribute to the growth of the Japanese economy. And some people still today think of these ideas as limited to manufacturing operations.
Harvard Business Review
MAY 31, 2016
Operations in a Connected World. Back in the 1980s and 1990s, lean manufacturing was the Big New Idea and it seemed like everyone was learning new tools with Japanese names. It was all reminiscent of 19 th century advertisements for cure-all patent medicines. ” Insight Center. Sponsored by Accenture.
Deming Institute
JANUARY 16, 2017
General Motors wasn’t my ideal workplace after having read Deming’s Out of the Crisis and learning a bit about Lean manufacturing in college. That sounds very much like the Toyota Production System and Lean management. If possible, I wanted to work in something closer to the Deming environment. Mark Graban.
Harvard Business Review
FEBRUARY 16, 2017
Cleaning up data downstream is expensive and not scalable, because data is a byproduct of business processes and operations like marketing, sales, plant operations, and so on. The chief data and analytics officer (CDAO) of a consumer product company is struggling to manage end-user consent data. Here’s an example.
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