Lean manufacturing is a technique used to minimize wastes in an operating system that maximizes profits. Without adding new equipment or personnel, lean manufacturing creates a constant cycle of improvement. This system creates a balance in your workplace that reduces downtime, cycle time, and wastes. Although many companies are aware that they are inefficient, many […]
Tag Archives: Lowering manufacturing costs
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Manufacturing costs are the costs that it takes to produce a product. Manufacturing costs include: The products’ direct material – Metal, Plastic, wood, paper, electronic components, etc. Direct labor – Operators that physically touch the products Manufacturing overhead – Floor space, Management, Capex (capital costs), software, etc. Unfortunately, a big portion of these costs are […]
