Today’s economic conditions make it increasingly difficult to remain profitable. In such an environment, it is hard for anyone to make sound business decisions on future investments or costs control.
Leading manufacturers track their performance by measuring a set of key metrics for continuous improvement. Given the importance of these metrics, it is important to ask – are the correct metrics being used, and which potential savings are overlooked when measuring the wrong ones?
A few weeks ago I participated in a discussion in which different manufacturers were asked to define the term “Lean Manufacturing”. Not surprisingly, it was defined differently by different people, depending on their industry, role in the organization and geographic location.
Production Optimization Software generates production plans dynamically while practicing a holistic approach integrated with all business units in the factory and thus reach new levels of efficiency.