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Lean manufacturing involves applying individual laid out generalization to improve quality and the level of productivity by lessening wastage which occurs in the production process. Lean manufacturing is also directed to catering customer satisfaction by providing necessary services which are required after sales and in right quality.
For lean manufacturing to be powerful, it employs various principals who are followed by producers and manufacturers. If the lean principles are implemented with perfection, then the company is able to provide customer satisfaction while using minimum resources at the same time.
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|Cellular manufacturing||Pull systems and Kanban||Bottleneck analysis||Key performance indicator|
|Root cause analysis||Smart goals||Tact time||Standardized work|
|SMED single- minute exchange of dies||TPM (total productive maintenance)||Visual factory||Value stream mapping|
A company is able to market its product effectively through lean manufacturing while saving on its capital investment and producing maximum client satisfaction from the services offered to the customers.
|Secondary and primary data analysis||Cost-benefit analysis||Market segment||Distribution channel audits||Macroeconomics|
|Microeconomics||Competitor channel relationships||Concept testing||Brand equity research||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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