Strategy Driven

OCTOBER 11, 2023

From streamlining processes to taking advantage of technological solutions, these methods will help you save money while still providing excellent customer service. Consider ways to streamline tasks, such as using technology solutions or eliminating redundant steps. This will lead to faster turnaround times and higher performance.

Operations 107

Operations Cost Lean Manufacturing Outsourcing 107

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.

Lean Manufacturing 9

Lean Manufacturing Supply Chain Apparel Compliance 9

LDRLB

SEPTEMBER 12, 2013

Ajay is a technologist and business strategist who often obsesses over issues that range from the impact of technology on disruptive business models to entrepreneurship and impact investing. LG & Sevamob have both managed to achieve that via a combination of novel business models and in LG’s case low cost & lean manufacturing.

Competitive Advantage 154

Competitive Advantage Prahalad Blue Ocean Strategy Glocalization 154

Chartered Management Institute

MARCH 6, 2012

Despite this, many companies undertaking lean manufacturing do not measure the effectiveness of their efforts on improving the bottom line. The meeting example is probably very cheap, but other improvements may require investment in new technology, training or tools.

ROI 86

ROI Process Six Sigma Lean Manufacturing 86

Harvard Business Review

MAY 28, 2015

Technologies like 3-D printing, robotics, advanced motion controls, and new methods for continuous manufacturing hold great potential for improving how companies design and build products to better serve customers. Why are older incumbent firms slow to adopt new technologies even when the economic or strategic benefits are clear?

Technology 8

Technology Depreciation Christensen Short-term 8

Harvard Business Review

MAY 2, 2012

The ways individual companies achieve these straightforward goals fall in two basic categories: developing and adopting new management practices (such as total quality management, lean manufacturing, reengineering, and employee engagement), or adopting new technology and integrating it into the way work is done.

Productivity 15

Productivity Products Lean Manufacturing Technology 15

Harvard Business Review

MAY 31, 2016

the Internet of Things (IoT), Digital Manufacturing, and big data and advanced analytics. There is a common misconception that technology alone can produce magical results. The technologies and processes that are transforming companies. Remember that technology alone is not a cure-all. ” Insight Center.

Operations 8

Operations Lean Manufacturing Technology Software 8