Lean Manufacturing and the Outgrowth of Production Concern

Being a research student, Economic issues have always gimmicked my attention. Though not very professional, but I’m at least an Economist in Equilibrium. The issue which recently caught my attention is the ‘reduced cost of production’. I just explored the Lean Manufacturing Consulting and found a new way out for the industrialists. The new innovative methods to make the best use of the key resources can not only reduce the cost of production but also reduces the wastage.

The concept of Lean Manufacturing actually works on the principles of pull processing, perfect first time quality, waste minimization, continuous improvement and flexibility. The concept actually dates back from the times of Benjamin Franklin. It also showed the outgrowth of multinationals and other developed corporations of the world. Toyota is the living example of such. Having so much successful experiences the concept of lean manufacturing strongly demands to be applied in small scale businesses as well, where by the firms face a basic problem of increased cost of production.

The effectiveness of the concept in the developed establishments, have made me to ponder why not to have such methods of productions be the part of our industrial production. This will no doubt enhance the performance of the industrial units, and the economy will ride on the strong horse of GDP.

5 Responses

  1. Hi great article Qurrat;) really loved the way you explained all stuff…. btw will appreciate if you could add me to your blogroll:);)!!! bakee i have some work with ya about the postings ok, do ping back!

  2. Lean dates back to the times of Benjamin Franklin? Humm…interesting…didn’t know or realize that. Would you mind letting me know where you found this information?

  3. @Markhaines

    Well, i read about such while exploring wikipedia, though m’ noth sure about the authenticity of the information, but i think it has some roots there, as Franklin had assisted a merchant Thomas Denham on his return to Philadelphia.

    Regards,

  4. Interesting. Thanks. I can’t seem to find much on this, but I’ll keep looking (and let you know).

  5. @mark

    It’s all my pleasure

    Regards,

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