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Stephen Jannise of ERP Software Advice shares some thoughts and clears up some industry jargon in his post: A Plain English Guide to Modern Manufacturing Methods

…for the next installment in our “plain english guide” series, we’ve decided to break down the key concepts of lean manufacturing, Six Sigma and flexible manufacturing. While we couldn’t cover every concept – a Google search for “lean manufacturing glossary” should satisfy most pedants – we have reviewed the important terms. Leave a comment below if there are others you’d like us to explain. Let’s get started.

Basically, modern manufacturing methods boil down to three key concepts:

* Reduce waste - reduce the amount of materials, capacity and manpower wasted in the process by producing just enough product to meet current demand
* Maintain quality – devise more effective manufacturing methods in order to continue making quality products despite strict reductions of waste
* Accelerate production – decrease the amount of time needed to manufacture product, making up for the lack of surplus

Read the whole thing.

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