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 ...

Just months after snarled supply chains led to widespread inventory shortages, the proverbial pendulum has decidedly shifted to the other side. Now, companies have a different problem. They have ...

I recently read an article that drove me crazy. In discussing “work-in-process” it talked about “pull systems” and how they are essential to lean success. It also discussed that pull systems are ...

TAT is how long a process takes to finish from beginning to end. This includes wasted time, and time spent waiting for ...

Supply Chain Management is how business gets done. Supply chain management spans all movement and storage of raw materials, work-in-process inventory, and finished goods from point-of-origin to ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Many of those in supply chain management learned early on the principles of just-in-time (JIT) manufacturing. Inspired by the work of Taiichi Ohno at Toyota Motor Co., the JIT revolution tightly ...