Zero waiting time

Zero inventory

Scheduling - internal customer pull instead of push system

Batch to Flow - cut batch sizes

Cut actual process times

Shrinks lead times

Saves turnover expenses

Reduces set-up times

Multiplies inventory turns

1.2. Just-in-Time

Just-in-time is a manufacturing philosophy pioneered by Toyota in 1970s. It's a method of waste elimination by which the inventory levels are minimized. The heart of JIT is Kanban, Japanese word for card.

JIT implementations include: -

Inventory reduction

Smaller production lots and batch sizes

Quality control

Complexity reduction and transparency

Waste minimization

1.3. Kaizen

Kaizen is the lean manufacturing term for continuous improvement and was originally used to describe a key element of the Toyota Production System. In use, Kaizen describes an environment where companies and individuals proactively work to improve the manufacturing process. Employing Kaizen means the following: -

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* Contributed by -
Shine Jose Manjooran,
Ist Year - PGDBM,
XIME, Bangalore.