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Module 3: Section C: Chapter 4: Lean & Just in Time - Coggle Diagram
Module 3:
Section C: Chapter 4:
Lean & Just in Time
Topic-1: Continuous Improvement
Approaches
Lean
Lean objectives
Increase inventory turns
Gain market share
Reduce the need of working capital
Increase velocity
Increase profitability
Meet customer demand
Develop the work force
Eliminate waste in Business value streams
Produce products & services with perfect quality
Lean principles
House of Toyota
Roof
Two pillars
Foundation
Center of house
Just In time
Waste
Other continuous Improvement Philosophies
TQM
TOC
Subordinate other processes to the constraint
Elevate the constraint
Exploit the constraint
Repeat the cycle
Identify the constraint
Drum/buffer/rope
Six Sigma
Elements of Six Sigma
Process
Employee
Customer
Six Sigma process & tools
Phase-1: Define
Phase-2: Measure
Phase-3: Analyze
Phase-4: Improve
Phase-4: Control