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What are lean production practices

Updated: Jun 18, 2023

Lean production methods help minimize waste and improves efficiency. This will reduce cost. The two (2) lean production practices are;

  1. Kaizen

  2. Just-in-time


Kaizen


The word "Kaizen" means "continuous improvements" in Japanese. It is a method that involves a continuous process of finding improvements involving all employees in a firm. Each solution identified will become a standard production practice. This ensures that all areas of operation improves continuously.


Just-in-time


Inventory will be delivered just in time for production use. This helps reduced space used to store inventory and waste from overstocking. Reduced rental from space available could reduce cost or can be used for other business activity.


RELATED CONCEPTS

  1. Efficiency

  2. Cost

  3. Inventory management


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