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Lean Manufacturing As A Source Of Competitive Advantage, Ryan Scott Williams
Lean Manufacturing As A Source Of Competitive Advantage, Ryan Scott Williams
Theses and Dissertations
The productivity advances generated from lean manufacturing are self-evident. Plants that adopt lean are more capable of achieving high levels of quality, shorter lead times, and less waste in the system. While it seems logical that higher levels of productivity and quality, as is common in lean companies, should result in positive financial performance, the research community has failed to establish the financial profitability of lean. Those researchers who have studied the financial returns issue report varying results. The goal of this research was to determine if a connection exists between lean and financial success and to discover why so …
Lean Six Sigma As A Source Of Competitive Advantage, Alessandro Giorgio Cavallini
Lean Six Sigma As A Source Of Competitive Advantage, Alessandro Giorgio Cavallini
Theses and Dissertations
Anecdotal data affirms that companies applying Lean Six Sigma in their operations not only deliver higher quality products and services, but also obtain superior financial results. The goal of this research was to empirically verify anecdotal data. The study proposed to analyze a group of publicly traded manufacturing companies with the intent of verifying if a correlation exists between companies being lean and the attainment of superior returns on investments. The researcher performed a series of statistical tests comparing key Financial Performance Indicators (FPI) extracted from annual reports (10-K) from a large pool of companies. The outcome of this study …
Integrating Value Stream Mapping And Simulation, Michelle E. Scullin
Integrating Value Stream Mapping And Simulation, Michelle E. Scullin
Theses and Dissertations
An important principle in Lean manufacturing, value stream mapping (VSM) can be helpful in understanding how process flow and information flow affect each other. A VSM is a static picture of a process that allows the user to see where value is added into the value stream. Simulation is used to evaluate the behavioral issues of processes. In a manufacturing realm this means simulation shows how each operation affects other operations so determinations can be made about where bottlenecks or other problems exist in the process. Theoretically, the integration of VSM and Simulation can aide in process improvement by showing …