Lean manufacturing and Six Sigma principals are used to improve processes and create efficiencies in the overall manufacturing process. Lean manufacturing is used to minimize waste, while saving costs ...

Manufacturers can identify and reduce waste using tools such as value-stream mapping. Process efficiency programs at pharmaceutical companies-whether called operational excellence, lean manufacturing, ...

The terms lean manufacturing and "just in time," or JIT, are often used as if they're the same thing, but they aren't identical concepts. Just-in-time manufacturing is focused on efficiency, while ...

In practice, lean manufacturing is an operating philosophy that yields a number of long-term benefits that aren’t always obvious to those who are considering adopting it. The first thing most ...

While Lean principles have been known and applied in a variety of manufacturing processes, the applications in product development have been slower to come. Several companies have also applied Lean to ...

Dave Drew, group pharmaceutical director of Matcon (Moreton-in-Marsh, UK), says that lean production is essential for drugmakers to survive in the current environment. Pharmaceutical companies today ...

Matt Mong, VP Market Innovation at Adeaca, is the creator of the Project Business Automation category designed for project-based companies. For years the industrial sectors, no matter how specific and ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...