At Lantech Inc., a US manufacturer of packaging equipment, implemented lean to remain viable and improve its manufacturing, inventory and accounting performance. Previously the company had held large parts inventories, assemblies sat idle while they waited to move to the next step and packaging machine manufacture would take up to 16 weeks. This all resulted in waste and unnecessary inventory carrying costs. As the company moved to lean costs and revenue were tracked at product line level (reven...
BPIR Categories5.5.5 Implement systems for managing production/delivery
5.5.2 Manage inventories
3.4.1 Design product/process/service enhancements