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
Can AI Replace Managers, or Do B-Schools Still Hold the Human Edge? | Quote by Dr. Sanchita Kuchi
Read MoreIndia's Silence on Trump Tariffs Speaks Volumes | Quote by Prof. V. P. Singh
Read MoreContact Us
-
Great Lakes Institute of Management,
2nd Floor, Orchid Centre,
Golf Course Road, Sector 53,
Gurugram, Haryana 122003
