Comparing Traditional Cost Accounting with Lean Value Stream Accounting
Cost accounting plays an important role in business decision making and financial management. It allows management to see the costs of manufacturing products or services. However, traditional cost accounting doesn’t always give the accurate and relevant cost...
Top 5 Reasons for Lean Transformation Failures and 5 Effective Solutions
In pursuit of operational excellence, many organizations embark on their Lean transformation journey with the hope of achieving efficiency, reducing waste, and enhancing overall performance. Lean transformation has the immense potential to elevate an organization’s...
IT and Lean Principles: Streamlining Processes for Efficiency
In today’s fast-paced digital landscape, businesses are constantly seeking ways to optimize their IT operations. And for good reason – IT has evolved from being a support function to business operations, to an absolutely integral aspect to running a business. In...
Lean Transformation: Choosing Between Functional Management vs Value Stream Management
Organizations across industries are constantly seeking ways to reduce waste, improve efficiency, and enhance their competitive edge. When it comes to addressing these challenges and optimizing business efficiencies, there are two management approaches that stick out:...
Lean Manufacturing: 5 Tips for Success in Lean Assembly Cell Design
Stepping onto a manufacturing floor that is operating at peak performance is not unlike attending an opera. Each assembly cell creates its own unique tune, providing a critical note to the symphony of motion ringing out. The hum of productivity builds as...
What Leaders Should Expect During a Lean Transformation
Embarking on a lean transformation journey can be a powerful, evolutionary strategy for organizations aiming to reduce waste, improve efficiency, and drive continuous improvement. The Lean transformation strategy, often inspired by the standard principles of Lean...
How Lean Principles Apply to Mining and Beyond
Our team often hears, “Lean doesn’t apply to my business.” However, in our experience, Lean applies to any business. Members of the Lean Horizons team recently had the unique opportunity to work with a mining company located in Australia. Mining operations are...
Most Common Mistakes Made During Lean Transformation
Lean transformation is the process of implementing Lean principles and practices throughout an organization in order to increase overall productivity. The systematic approach of Lean transformation is designed to improve organizational efficiency, reduce waste, and...
Implementing TAKT Time in Your Manufacturing Company
The manufacturing industry has been around for centuries, and with technological advancements, it continues to evolve. Despite its entrenched nature, however, manufacturing companies must constantly find ways to optimize their operations and provide value as...
Lean Business Model: 7 Crucial Components for Success
If you’re tired of watching your company deplete resources, waste working hours, and squander budgets — it’s time to take a step back, assess, and make a plan for change. The height of an operational dilemma might not seem like the easiest time to dive into the...
