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Traditional Thinking vs. Lean Thinking

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  The term lean transformation is used to describe all the tactical, strategic, and operational improvements that an organization undergoes for creating more value for its customers. The process of lean transformation includes the introduction of changes in an organization for maximizing the flow of value that is produced for the customers. Traditional Thinking Traditional manufacturing approaches were developed during the age of mass production which concentrated on the economy of scale & machine utilization. It generated the idea that if the machine was idle, it was wasting money, so it was kept operating no matter what. Traditional organizations used to maintain big inventories in expectation of customer orders to attain consumer satisfaction. They held this by keeping a machine running with a particular setup for as long as possible to decrease the unit cost and the  traditional production system  is driven by a sales forecast. This approach of traditional manufacturing system

What is Just In Time (JIT) in Lean Management? Valuable Principles of JIT?

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  Management comprises the activities of an organization from setting a goal to achieving that particular goal after assessing all the obstacles and finding a solution for them. It coordinates the efforts of an organization and its employees to obtain its desired objectives within the available resources. Management is a very important asset in any organization that wishes to attain profits and run an organization for a longer period. Management helps in the achievement of goals, optimum utilization of resources, lessens the cost, establishes a sound organization, provides essentials for the prosperity of the organization along with the society, thus, benefiting every aspect of an organization. What is Just in Time (JIT) in Lean Management? Management is an enormous word that consists of numerous philosophies and principles related to it. One of the management’s philosophies is the “ Just in Time ” management philosophy. As the name suggests itself, this management philosophy calls for

How to Achieve Operational Excellence in 5 Steps?

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Any organization constantly interacts with the changing external environment which comprises numerous economic, social, and political factors, thus making it dynamic. For a business that wants to thrive in this competitive era, it must change itself and the goal as per the dynamic environment. What is Operational Excellence? Operational Excellence is a wide term which demonstrates an organization’s ability in the execution of the operations. For an organization to excel in operations, it must do it excellently. It is considered a fundamental strategy that helps the business to strengthen its growth while also staying ahead of the competition prevailing in the market. It is the enactment of a business’s methods and strategies more consistently and reliably with lower operating costs, lower operating risks, and increased revenues. A business can achieve overall excellence when it’s operational excellence is strong and well-executed as it’s the base. The term sounds like a process, but it

Six Sigma Belts: Still impactful in Transforming world?

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Six Sigma  is one of the best technical tools used for the improvement of the quality of Products & services and strives for near perfection. This process works by evaluating the root cause of the problem and then works accordingly for the solutions to provide the best results. Six Sigma certifications  are broadly available. No doubt, if you obtain a Six Sigma certification, that is one of the best moves for your career. In Six Sigma, there is a natural rank to the certifications one can obtain. Each Six Sigma certification level involves various tasks, responsibilities, and rewards. And within these levels, there are differences in the deliverables, lengths of time invested, and exams. Earning a certification often leads to higher income. Still, knowing when and where to start can be difficult, exceptionally for professionals looking to advance their careers. Six Sigma Belts have been known to start from entry-level White Belts through to Yellow Belts, Green Belts, Black Belts, a