Is Industry-4.0 the New Accelerator to Lean Manufacturing? | Authored by Dr. Ravindra Ojha
Under the Lean domain the much discussed eight manufacturing process wastes with the acronym DOWNTIME, are: Defects in output, Over-production, Waiting, Non-utilization of human talent, Transportation not adding value, Inventory in excess, Motion not warranted and Excess-processing. A deep analysis indicates that the digital world of I4.0 can significantly reduce each of these eight wastes significantly, thereby improving leanness of systems.
Recently in Media
Gen-AI Investing: Smart Moves or Just Too Risky? | Co-authored by Dr. Simarjeet Singh
Read MoreDiscounted to Death: The Silent Slide of India’s Kirana Shops | Quote by Dr. Simarjeet Singh
Read MoreContact Us
-
Great Lakes Institute of Management,
2nd Floor, Orchid Centre,
Golf Course Road, Sector 53,
Gurugram, Haryana 122003