(Submit Articles) Many SMEs are start off as family driven business units. Over the decades they experienced growth in their business but after reaching at certain level they lose their competitiveness and growth stagnates and subsequently starts declining. SME units in developing countries find it difficult to compete because their quality and delivery standards. As competition is getting tougher in this global market, customers are more demanding in terms of pricing, quality and delivery.
Due to lack competitiveness SMEs are have no choice but to shut down or getting acquired. In such critical conditions adopting Lean Manufacturing tools proves to be the right choice to develop the required competitiveness. Lean Management gives a competitive edge as it helps in minimising / eliminating the mudas across the entire value chain.
Lean Manufacturing is a leading manufacturing paradigm being applied in many sectors of the global economy, where improving product quality, reducing production costs, and being “first to market“ and quick to respond to customer needs are critical to competitiveness and success. Lean principles and methods focus on creating a continual improvement culture that engages employees in reducing the intensity of time, materials, and capital necessary for meeting a customer’s needs. While Lean Production’s fundamental focus is on the systematic elimination of non-value added activity and waste from the production process, the implementation of lean principles and methods also results in improved environmental performance. Lean produces an operational and cultural environment that is highly conducive to waste minimization and pollution prevention. Lean Management helps in achieving dramatic results in cost, quality and time by focusing on process performance.
Leans helps in better utilization of space, human resources and equipments. Lean inventory models help in maintaining optimum inventory level by just-in-time inventory, Kanban systems and managing the supply chain. TPM tools help in increasing overall productivity, equipment life, reducing equipment breakdown time, productive maintenance etc. Lean Management helps in achieving dramatic results in cost, quality and time by focusing on process performance.
Lean Manufacturing enables organizations achieve healthy positive cash flows by increasing the inventory turns.
Intangible benefits such as individual excellence, improved inter personal relationships and focused and dedicated teams propel the growth to the highest desired levels.
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