Lean manufacturing focuses waste reduction and removal with an holistic view thus, creating higher stocks and increasing the bottom line profits. Lean manufacturing has positive effect on the employees by motivational endeavors and also on the customers by offering them increased value and customer services. The turn around time also reduces and the products are produced much faster with increased quality and variety.
Lean manufacturing takes a holistic view and instead of treating, each department as an individual firm the techniques binds all the involved departments to boost the overall organization’s performance.
Few factors which also support application of lean manufacturing technique are
- Reduction of the administrative costs
- Reduction in inventory levels and storage space requirements as well
- Focuses on waste reduction
- Special emphasis on unnecessary cost generating points
- A better control over the day to day activities is deployed
- Reduction of the production cycle time
- Enabling offering of different variety by manufacturing flexibility
- Maintains quality standards whilst reducing costs
- Promotes environment friendly practices
- Enables safer work environment with improved employee morale