Lean Production Flashcards
What are the 4 types of lean production?
Time-based management, Cell Production, Simultaneous engineering, JIT
Describe time based management
Looks to reduce wasted time, means less lead times
Production must be efficient and staff must be flexible
What is cell production
Production split into cells
Staff work closely but must support this approach
Describe simultaneous engineering
All part of a project are planned together
It reduces time for new product developed
New products establish new mover advantage.. which drives brand loyalty, prices and profits for further innovation
Describe jit
Inputs arrive only when needed
Requires good relationship with suppliers
No room for defects or delays
Less stock reduces storage and rental costs, less capital tied up in stock, less stock going obselete