article thumbnail

What Is Lean Portfolio Management? A Quick Guide

ProjectManager.com

There are many ways to do this and one of which is lean portfolio management. Let’s first define lean portfolio management and then delve into how it works. This will give you an idea if it’s the right strategy to execute your portfolio management. What Is Lean Portfolio Management? What Are the 5 Lean Principles?

Lean 325
article thumbnail

What Is Lean Manufacturing?

ProjectManager.com

Lean manufacturing addresses one of the worst things that can happen to any enterprise: waste. These neglected resources include everything from manufacturing project management tools , to the skills of the staff members. This insistence on eliminating waste is where the idea of lean as a management system developed.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Production Capacity: Formula, Examples

ProjectManager.com

Production capacity is an essential metric for manufacturers. To better understand production capacity, we’ll define the term and go into greater detail as to its importance in manufacturing. We’ll end with several ways in which manufacturers can increase their production capacity and how software can help with planning.

article thumbnail

Guide To Visual Management for a Lean System

NimbleWork

This post is a guide on lean visual management. In a nutshell, visual management in the context of lean manufacturing is a strategy used to foster collaboration, communication, and efficiency inside an organization through the use of visual aids and tools. Brief History on Lean Agile methodologies were a game-changer.

Lean 94
article thumbnail

What Is Aggregate Planning? Strategies & Tips

ProjectManager.com

Let’s take a look at what aggregate production planning is and some aggregate planning strategies. Aggregate planning is a method for analyzing, developing and maintaining a manufacturing plan with an emphasis on uninterrupted, consistent production. 3 Types of Aggregate Planning Strategies. What Is Aggregate Planning?

Planning 353
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

Continuous Improvement: A Quick Guide

ProjectManager.com

When it comes to streamlining work and reducing waste in an organization, the continuous improvement business strategy is lauded for its effectiveness. Continuous improvement business strategy is also known as a continual or continuous improvement process. Then there’s the flexibility inherent in the strategy. Good questions.