Applying Lean thinking to accounting and financing practices may not be easy, but it's certainly doable, explains Manufacturing Digital. As the source notes, the key is keeping track of the core tenet of Kaizen: The elimination of waste. From there, financial firms should also consider other facets, such as encouraging upper management involvement, providing employees
Continue reading »The main tenet of Lean centers around reduction of wasteful practices. In Lean manufacturing, this might mean cutting out a certain step in the production process. In other businesses, it could involve a better separation of responsibilities that results in more productivity. However, there are other ways of applying the Lean mindset. One trend many
Continue reading »Lean manufacturing isn't the only way businesses can apply the principles of Kaizen. Continuous improvement is a way of thought, not specifically a checklist of activities that companies can perform to suddenly become Lean. Now, many software developers are adopting Lean principles to help improve workflow, CIO reports. The key is integrating a Kaizen train
Continue reading »The printing industry has always had a watchful eye over the way it sources paper for products. The sector wants to avoid being seen as wasteful or anti-environmental and, as such, developed sustainable practices far before many other companies began making these changes. Now, the sector is in the process of employing Lean practices to
Continue reading »Starting a small business is harder than ever given the current economic climate. Entrepreneurs have traditionally been tasked with the challenge of doing more with less – fewer resources, less room for error, a small number of employees, etc. Dean Swanson, a volunteer SCORE counselor, asserts that new entrepreneurs should familiarize themselves with Lean thinking
Continue reading »The bigger a company is, the more complex it grows. This can lead to efficiency problems throughout the supply chain – materials can go missing, procedures duplicated and work wasted. For athletics brand Nike, this was a critical issue until it adopted Lean manufacturing throughout the company, Supply Management reports. According to the Nike's fiscal
Continue reading »James Fazzino, chief of Australian fertilizer company Incitec, recently discovered the benefits of Lean manufacturing and is in the process of rolling the practice out to all of the business' operations, The Australian reports. Fazzino was quick to point out that the Australian government could do a lot to help the struggling manufacturing sector, but
Continue reading »Begemot, a Kyrgyzstan-based restaurant chain, aspired to be Central Asia's first fast-food chain, taking inspiration from the popular American quick-service brand McDonald's. There was one problem, though: Service wasn't fast enough at Begemot, the Eurasia Review notes. The Central Asian chain is known for its own interpretation of the hamburger, which is similar to the
Continue reading »Marketing campaigns are rarely ever perfect the first time around – an advertisement may not be affecting the right demographic or the wrong medium may have been used. By adopting the concept of Kaizen, or continuous improvement, advertising agencies may be able to further bolster their results, Business 2 Community reports. Bryan Eisenberg, an expert
Continue reading »The Road Development Agency of the Republic of Zambia, a landlocked country located in Africa, is leveraging Kaizen and continuous improvement as a means of bolstering its performance, the Zambia Daily Mail reports. Bernard Chiwala, acting chief executive officer of the RDA, explains the agency is looking to motivate and empower both in-house employees and
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