LEANEXT is fully equipped with what is needed to give the organizations a competitive edge. Everything that we do can be grouped under Operational Excellence which is a must have for all the organizations whether they are in manufacturing, service or any other sectors. This is going to be in demand forever to consistently provide first time right products or services on right time at right cost.
Hoshin Kanri Catchball is a technique for creating and maintaining open feedback loops across all levels of your the organizational hierarchy by establishing a two way stream of information sharing. It serves the purpose of decentralization.
The Stress-Strength Interference principle states that a product fails when the stress experienced by the product exceeds its strength. To reduce failure probability (and thus increase the reliability), interference between stress and strength should be minimized.
There is a rapid increase in competition these days and various organizations across the globe sought to create higher value in their automotive products for the customers. This growing competitiveness is leading to customers demanding high-quality products with better functionality, without an increase in price.
Institutionalize is an important concept in process improvement. When mentioned in the generic goal and generic practice descriptions, Institutionalize implies that the process is ingrained in the way the work is performed and there is a company-wide commitment and consistency to performing the process.
Improving standardized work is a never-ending process. Basically, standardized work consists of three elements: Takt time, which is the rate at which products must be made in a process to meet customer demand. The precise work sequence in which an operator performs tasks within takt time.
In a service organization, the most efficient method for reducing waste is to attack anything and everything that is not done right at the first time. This concept, known as first time right, ensures that all activities are carried out in the right manner at the first time and every time.
Lean is about doing more with less: less time, inventory, space,labor, and money. "Lean manufacturing", a shorthand for a commitment to eliminating waste, simplifying procedures and speeding up production. The idea is to pull inventory through based on customer demand.
Excellence isn’t a destination but a journey. A relentless approach towards continuous improvement is needed to drive business results.
QC Story is a tool of TQM (Total Quality Management), intended to solve problems in a structured way. It is based on the principle of PDCA, where the nine steps can present the full story of the choice of the case to implementation of complete solutions.
Kaizen events are traditionally short-term brainstorming and implementation sessions intended to improve an existing process. Employees, managers and even C-level owners get together to map out existing processes, discuss ways these processes can be improved and determine action items within the scope of the operators.
According to TRIZ, universal principles of creativity forms the basis of innovation. TRIZ identifies and codifies these principles and uses them to make the creative process more predictable.
Design Thinking is not an exclusive property of designers—all great innovators in literature, art, music, science, engineering, and business have practiced it. So, why call it Design Thinking? What’s special about Design Thinking is that designers’ work processes can help us systematically extract, teach, learn and apply these human-centered techniques to solve problems in a creative and innovative.
Operational analytics is the process of using data analysis and business intelligence to improve efficiency and streamline everyday operations in real time. A subset of business analytics, operational analytics is supported by data mining, artificial intelligence, and machine learning.
Marketing analytics is the practice of measuring, managing and analyzing marketing performance to maximize its effectiveness and optimize Return On Investment (ROI). Understanding marketing analytics allows marketers to be more efficient at their jobs and minimize wasted web marketing dollars.
People analytics is a data-driven approach to of managing people at work. For the first time in history, business leaders can make decisions about their people based on deep analysis of data rather than the traditional methods of personal relationships, decision making based on experience, and risk avoidance.