Question

List at least five benefits of the Lean Thinking Model.

Answer 1

Lean thinking emphasizes on cutting out waste in the manufacturing process. Operations of the business are streamlined to give the customers what they want when they want it at the lowest possible cost within the least amount of time. Lean manufacturing strives to produce products that are on time, produced using a few resources, better than competitors and produced faster at less cost. Lean thinking is a philosophy and system of manufacturing developed originally by Toyota. The benefits of lean manufacturing model are,

*) Lower levels of inventory.

*) The space required for manufacturing and storage is less.

*) It ensures quality performance, fewer defects, rework and wastage.

*) The machine down time and process break downs will be lower.

*) It provides greater efficiency and increased output.

*) It enables greater customer satisfaction.

*) Reduced wastages and reworks lower costs leading to higher operating income.