Lean principles have proved incredibly effective for future-proofing organizations from wasting resources. Though the philosophy originated in manufacturing, its adaptability has made it essential for ...

What does car manufacturer Toyota and Lucile Packard Children’s Hospital at Stanford University have in common? More than you might think. Hospitalists at the Palo Alto, Calif.-based children’s ...

Simply put, lean is the practice of creating more value with fewer resources. The concept is inspired by the Japanese management theory from Toyota, where lean concepts are designed to improve and ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

he Toyota Production System, which was developed from the late 1940s through the mid-1970s by top Toyota executives to improve the company’s manufacturing processes, is now used by numerous companies ...

It seems like every time there is an inventory problem, lean manufacturing or lean principles get the blame. Store shelves were bereft of paper towels for weeks or months at a time during the early ...