1.Benefits of Lean Production: Why Implement LP?
Just as the Ford Mass Production Model was recognised as the greatest achievement in manufacturing history in the 20th century, Lean Production is viewed as one of the most advanced production technologies of the 21st century. The goal of Lean Production is to ensure the right things arrive at the right place, at the right time, and to meet customer needs with less people, less space, and less investment. LP has resulted in Toyota being recognised as the industrial leader, and brings great benefits to the other companies that have adopted this system. In summary, Lean Production helps companies to:
1 Reduce costs
2 Improve quality
3 Improve on time delivery
4 Improve work safety
5 Improve morale
According to data provided by the American Lean Production Association, Lean Production methods helped more than one thousands companies reduce their combined costs by over $20,000,000 a year. The following table describes the benefits achieved by customers served by Teach-Touch: