LEAN TECHNIQUES IN MANUFACTURING INDUSTRY

The purpose of this study is to examine how lean techniques are adopted by manufacturing firms in India and their impact on performance. This study gives the opportunity for the application of lean manufacturing techniques in a mix and low volume traditional manufacturing industries. VSM and associated tools are used to explore the opportunities to streamline the flow of products on the floor with a focus on reducing inventory and improving quality. This study has been carried out within the field of lean production. It has been aim to investigate and analyze how a company could implement the philosophy. Lean concept or lean manufacturing is a systematic methodology that identifies and eliminates all types of waste or non value added activities there are components that are considered “waste”. Lean concepts are purely about creating more value for customers by eliminating activities that are considered waste. Any activity or process that consumes resources, add cost or time without creating value becomes the target for elimination.