The value you add to your products is what convinces your customers to buy them. Non-value-added activities add costs to your product without enhancing the value. Cost accounting is a managerial ...

he Toyota Production System, which was developed from the late 1940s through the mid-1970s by top Toyota executives to improve the company’s manufacturing processes, is now used by numerous companies ...

As we were walking around the factory talking, I asked him what was the first lean principle he started to apply, and if he could do it again, would he change anything. His answer was a bullseye. He ...

According to Jeffery Liker’s book, The Toyota Way, it’s estimated that most business processes are 90% waste and 10% value-added work. Value-added activities in a process are considered those that ...

What does it mean when something is non-value-added? When you look at a process, how do you know whether it’s the right ...

The results of TBM's fifth annual "Multinational Manufacturing Pulse" show continued gains in productivity primarily due to Lean, with respondents identifying the greatest opportunities to sustain ...

If you’ve heard some buzz about Lean tools and principles, you’re not alone. Lean tools got their start in America as early as the 1900s, when Henry Ford used Lean methodology to create the Model T ...

Agricultural producers looking to expand their operations through value-added products are encouraged to apply for a Value Added Producer Grant (VAPG). Applications will be accepted through April 17.