Cost of Goods Sold (COGS) is the cost associated with the manufacture of your inventory stock, which incorporates both the raw m......
It’s a tough time for many manufacturers; increasing competition from markets with comparatively low labour and input costs is......
Value streams, at their ideal notions, are defined by the sequential processes a business uses to create solutions that provide ......
The term lean was coined to describe Toyota’s business model during the late 1980s. When it comes to a lean business the idea ......
At an early stage in a business, it usually makes sense for inventory stock to be kept at and managed from one location, whether......
When trying to create value to customers, you need to make a value stream. A value stream looks at all the steps and processes......
The first thing to understand about a lean business is that fundamentally, it is not just about a cost-saving, or is it a short-......
