GENERAL KNOWLEDGE

Detailed explanation-1: -Lean production is founded on the idea of kaizen – or continual improvement. This philosophy implies that small, incremental changes routinely applied and sustained over a long period result in significant improvements.

Detailed explanation-2: -Lean manufacturing is a production process based on an ideology of maximising productivity while simultaneously minimising waste within a manufacturing operation. The lean principle sees waste is anything that doesn’t add value that the customers are willing to pay for.

Detailed explanation-3: -JIT is also referred to as lean production. An organization driven by a JIT philosophy can improve profits and return on investment by reducing inventory levels, reducing variability, improving product quality, reducing production and delivery lead times, and reducing setup costs.

Detailed explanation-4: -Kaizen and Lean are terms often used interchangeably but are in fact two separate entities. Both are different concepts, tools, and strategies used to solve specific problems in different ways. Kaizen and Lean both focus on similar key components.