Lean Essay Example | Topics and Well Written Essays - 250 words

Lean - Essay Example The lean system puts together equipments, labor, and material that are the fundamentals of production, in a perfect manner to minimize cost and maximize profit. Labor requirement is reduced as utilization of human resource both skilled and unskilled is maximized. The model allows productivity as machines are utilized to the maximum while the less productive one are disposed. This reduces delivery and production time as well as increasing the quality of the services and goods produced. It also provides an opportunity for continuous improvement as the equipment wear out and become less productive, and is replaced with efficient ones putting into consideration the technological advancement. Return on assets is increases significantly with lean manufacturing systems. Lean production involves a traffic flow of materials and labor that is smooth thus allowing insertion of conveyors, buffer stock, and balance automation. The flexibility of the model ensures the business keep pace with the market and accommodates changes in customer preference. Review of the system helps to do a competitive analysis and examination of technologies. The importance of lean manufacturing is very crucial in business strategies to increase productivity, increase efficiency, maximizing profit and increasing capital