Is a management system that purses profit by eliminating muda?
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Muda means waste and refers to a wide range of non-value-adding activities; eliminating waste is the key to efficiency. When you look at the Toyota Production System (TPS), eliminating Muda waste is one of the main principles of the Just-in-Time system.. Motion – Damage inflicted through the production process.
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Answer: Any management that eliminates muda can make their profit towards the growth of company.
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Muda
- Muda is Japanese term stands for wastage and futility. It is a fundamental idea in lean process thinking, along with the Toyota Production System (TPS), which is one of three categories of resource allocation variation.
- Instead of referring to wasted byproducts, waste in this case refers to the loss of time or resources, and it should not be confused with waste reduction.
- Sir Taiichi Ohno, the founder of Toyota Production, divided the muda into seven categories. Transportation, stockpiling, moving, waiting, excessive production, excessive processing, and flaws.
- Eliminating specific sorts of waste from any management can aid in a company's expansion and achievement of the maximum level of production and perfection.
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