Lean manufacturing and Six Sigma principals are used to improve processes and create efficiencies in the overall manufacturing process. Lean manufacturing is used to minimize waste, while saving costs ...

The terms lean manufacturing and "just in time," or JIT, are often used as if they're the same thing, but they aren't identical concepts. Just-in-time manufacturing is focused on efficiency, while ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...