It’s amazing that, in this day and age, some manufacturers have not yet heard of “lean.” How are they surviving in today’s competitive market without it? The issue is that, in many ways, the customer sets pricing. If manufacturers want to be profitable, they must find ways to become more efficient and effective with their internal manufacturing processes.

Target pricing

Lean works to drive down your costs; therefore, every penny you save is added directly to your profit. Companies that implement lean typically make significant cost savings that have a very real impact on the company’s profitability. View the diagram below:

Lean methodology

The following are a few of the lean methodologies that can have a significant effect on your company’s bottom line:

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