Lean Manufacturing Topics
|Secondary and primary data analysis||Cost-benefit analysis||Market segment||Distribution channel audits||Macroeconomics|
|Microeconomics||Competitor channel relationships||Concept testing||Brand equity research||The market forecast and position|
|Financial analysis||Market size and share||Market trend analysis||Estimation of demanding||Marketing plan|
|Marketing mix||Channel mapping||Revenue models||Projection of profit and loss||Business plan|
|Market strategic formulations||Store auditing||Brand association research||Brand perception||Investment returns|
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Lean Manufacturing Principles
- The first step is to identify the value of the customer’s needs and wants. DFSS (Design Of Six Sigma ) is considered to be the best tool for identifying business value.
- In order to create value for the business, it has to go through various steps called value stream. The process includes ascertaining adequate raw materials, product design, and final product disposal.
- It is very important for the company to know about the inventory flow in their factories. The Value stream process helps a company to know and maintain the inventory flow when the employees are reshuffled.
- The ‘Pull rather than Push’ principle focuses on customer satisfaction rather than sales of the product. Lean manufacturing tools like Kanban find a prominent place in assisting businesses with the pull system.
- The last principle states ‘look for perfection in everything you do’. It helps to focus on Inventions, innovations, and improvement in business activities.
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