Kaizen, which translates to "improvement" in Japanese, is one of the basic concepts of lean production. It focuses on eliminating waste and increasing productivity through incremental changes in a ...

Continuous incremental improvements are the cornerstone of the Toyota Production System. The goal is to create the best product possible with the least effort and waste. If you wish to eliminate the ...

Marshall Hargrave is a stock analyst and writer with 10+ years of experience covering stocks and markets, as well as analyzing and valuing companies. Erika Rasure is globally-recognized as a leading ...

“More important than the actual improvements that individuals contribute, the true value of continuous improvement is in creating an atmosphere of continuous learning and an environment that not only ...

Line 4 at W.R. Grace's Chicagoland plant had an objective: to reduce changeover times by 50%. This goal was in response to a new W.R. Grace plant slated to open in Tennessee, which would result in the ...

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IN A GOOD YEAR, THE U.S. manufacturing sector might chalkup a 4% overallincrease in productivity. At the plant level, some top-flight produc-tion operations have achieved gains of 20% or more in a 12- ...