Figure 7.21 Cost-Reduction Strategies – Enhancing Your Business Performance

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Lean Manufacturing is a methodology for producing goods that emphasizes minimizing waste and maximizing efficiency. It is a manufacturing philosophy that aims to produce goods with the least amount of resources, time and effort. Lean manufacturing aims to eliminate waste and improve the flow of materials and information throughout the production process. This approach is often used in manufacturing environments where efficiency and cost-effectiveness are critical, such as in the automotive and electronics industries.

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