Remove Innovation Remove Lean Remove Manufacturing Remove Sustainability
article thumbnail

Exploring Lean Manufacturing: Principles and Benefits

Wrike

Lean Manufacturing is a methodology that aims to streamline business operations and eliminate waste in order to achieve maximum efficiency and productivity. In this article, we will dive deep into the principles, benefits, and challenges of implementing Lean Manufacturing.

article thumbnail

Top 10 Project Management Methodologies – An Overview

ProjectManager.com

When to Use It: The Waterfall approach is great for manufacturing and construction projects , which are highly structured, and when it’s too expensive to pivot or change anything after the fact. The car company applied it to their lean manufacturing model, known as the Toyota production system. Lean Methodology.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Six Sigma: A Simple Guide for Project Managers

ProjectManager.com

There has been some backlash against Six Sigma over the recent years, some of which is warranted and will be discussed, but overall the process proves a valuable tool in reducing defects in product manufacturing, especially when paired with Agile thinking, lean manufacturing and capable project management tools. Lean Six Sigma.

Lean 417
article thumbnail

Return On Investment Vs Lean Agile Metrics for Strategic PMs

The Strategic Project Manager

However, the speed of change has made these methods less reliable – and ushered in a more lean-agile approach to metrics. This post examines the difference between ROI and Lean-Agile metrics, It identifies the key metrics of each, and the drivers behind those metrics. Value is delivered in small increments over time.

Lean 40
article thumbnail

VRIO Framework Analysis For The Strategic Project Manager

The Strategic Project Manager

When other firms possess similar resources or capabilities, a firm cannot achieve a sustained competitive advantage. It helps to identify areas where they have a sustainable competitive advantage. This enhances long-term profitability and sustainability.

article thumbnail

Lean and Agile: A Comprehensive Comparison

Wrike

In the realm of project management methodologies, Lean and Agile have emerged as powerful approaches that support organizations in achieving efficiency and delivering high-quality products and services. Understanding the nuances of Lean and Agile is crucial for project managers and teams seeking to optimize their processes.

Lean 36
article thumbnail

The Ultimate Guide to Crafting a Sustainable Operations Strategy

Wrike

The role of sustainability has evolved beyond being a mere buzzword. A sustainable operations strategy not only helps companies reduce their environmental impact but also drives efficiency, enhances social responsibility, and improves overall economic viability.