Lean Manufacturing and the Race Towards Efficiency
Efficiency is crucial in most business operations and, in particular, manufacturing. Like judges in a footrace, consumers usually only care about the result of a production “run”—the product itself. They don’t want to know how many working hours it took to assemble it; they could care less about how long it takes to move components across the factory floor. Their sole interest is getting the product they want at an acceptable price point and within a reasonable time frame.