Lean - A new paradigm
The lean production system pioneered at Toyota created a new paradigm for excellence in manufacturing. This paradigm is founded on the belief that cost reduction is sometimes the only viable mechanism for a corporation to increase profit; price is not always an effective lever. Today, some organisations are fortunate enough to determine their selling price by first taking the product cost and adding on a sufficient profit margin:
Profit + Cost = Price
A company can therefore increase profit by raising the price of its product. However, in a diverse marketplace, most companies do not have this advantage as consumers and market conditions largely determine price. In these markets, companies face the following equation:
Profit = Price - Cost
This is often referred to as the 'cost-minus' principle because the company can only increase profit through cost reduction. Cost reduction in a manufacturing environment occurs through the elimination of waste. Waste can be defined as something for which the customer is not willing to pay; it is a non-value adding activity. The elimination of such activities shortens the lead time, so value is delivered to the customer faster and with less effort.
If you enjoy reading my blogs, please take a look at my many other on-line resources,
Website, http://www.beyondlean6sigma.com/
Blog, http://leansixsigmauk.blogspot.co.uk/
Facebook, https://www.facebook.com/leansixsigmacert
Follow me on twitter, https://twitter.com/DrLeanSigma
I have also recently launched a new range of Lean Six Sigma on-line training courses which you can read about here, http://www.beyondlean6sigma.com/programmes/
#leansixsigma, #beyondlean, #leansixsigmacertification, #leansixsigmatraining lean six sigma, lean six sigma training, lean six sigma certification, lean six sigma
Get information about PRINCE2 CERTIFICATION COST
ReplyDeleteGet information about PRINCE2 CERTIFICATION
ReplyDeleteGet Information about lowest brokerage charges in India
ReplyDeleteIğdır
ReplyDeleteAdana
Karabük
Diyarbakır
Antep
XO5İM
Denizli
ReplyDeleteAnkara
Antep
Bursa
Eskişehir
DQQS
aydın evden eve nakliyat
ReplyDeletebursa evden eve nakliyat
trabzon evden eve nakliyat
bilecik evden eve nakliyat
antep evden eve nakliyat
NWY
764AD
ReplyDeletenevşehir canlı sohbet odası
bitlis mobil sesli sohbet
kocaeli sesli mobil sohbet
tamamen ücretsiz sohbet siteleri
Kocaeli Rastgele Sohbet Uygulaması
aydın bedava görüntülü sohbet sitesi
bursa canlı görüntülü sohbet siteleri
Niğde Yabancı Sohbet
izmir telefonda sohbet
26B04
ReplyDeleteThreads İzlenme Hilesi
Binance Kaldıraçlı İşlem Nasıl Yapılır
Coin Kazma Siteleri
Referans Kimliği Nedir
Azero Coin Hangi Borsada
Parasız Görüntülü Sohbet
Threads Yeniden Paylaş Satın Al
Twitch İzlenme Hilesi
Coin Kazanma Siteleri
059AD
ReplyDeleteAnc Coin Hangi Borsada
Aion Coin Hangi Borsada
Tiktok İzlenme Satın Al
Telcoin Coin Hangi Borsada
Snapchat Takipçi Satın Al
Discord Sunucu Üyesi Satın Al
Bitcoin Madenciliği Siteleri
Parasız Görüntülü Sohbet
Mefa Coin Hangi Borsada