⚙ Lean Manufacturing | A pursuit of perfection

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In today’s episode, we’ll talk about:
1. What is Lean Manufacturing and what principles and tools does it use?
2. What does the Lean concept have in common with the Toyota Production System?
3. Which industries use the Lean concept?
4. What are the benefits for companies of using the Lean concept?

00:00 Sponspr
00:08 Introduction
00:25 What is Lean Manufacturing?
01:11 The first use
02:05 Principles of Lean Manufacturing
02:36 Basic Lean Manufacturing tools
03:56 Toyota production system
04:33 How does TPS work?
05:32 Production line
06:18 The concept is also used by...
07:08 How to use Lean Manufacturing?
07:52 Benefits
08:37 Summary
08:52 Outro

LINKS

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Music on CC license:

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#Economics #Capitalism #Finance
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Relevant Tags:
econ clips, econclips, austrian economics, austrian school of economics, capitalism, free market, Lean Manufacturing, toyota, economics, economics explained, market inflation, price index, macroeconomics, economic crisis, economic crisis 2022, 2022 economic crisis explained, finance
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Good job of presenting difficult concepts in an easy to understand method. Keep up the good work .

theleanlearningacademy
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You're doing great job. Don's stop at the top, please!

marunio
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Wouldn't it be great if we could have lean government? :)

freesk
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WoWww..I like your animation..good and clear..Thanks 😊😊😊😊👏👏👏

isoconsult
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I used to teach this subject at WWU in the '90's. Well done! Great video. Factories must deal in reality. For this reason, they can only exist efficiently in a free market environment, where prices reflect real demand and scarcity, instead of political will.

freesk
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This vídeo was really well put together

miranda
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Great effort at explaining Lean in an engaging way!! Well done! Just curious, people watching, have you implemented Lean successfully in your organization?

beltcourse
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I just watched a nine minute video saying: made to order is better than made to stock.

daringdare
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I laughed when he said "lean government." Good one dude.

akivaweil
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This just seems like common sense to implement only the necessary amount of labor/processes/inventory to keep costs down while maintaining good profits.

steeno
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lmao imagine being a polish student studying Lean in finland and finding out that the best video on the topic on youtube is by polish people

bckends_
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Not the lean manufacturing I was looking for 😂

AlexM-tdro
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funny how well lean manufacturing is working this year and last. Lean manufacturing should only be used on parts where you have complete control over your supplier, and can guarantee 100 percent of the time, you will get whatever you buy. Otherwise you should have stock piles of parts.

MegaLokopo
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Lean seens like a sneaky way to say profits (customers) are more important than the company itself. Maybe I'm misinterpreting it but I feel a bit unconfortable when I listen to this.

EmperorNefarious
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Just the right level of boot, at just the right level of throat.

matthewmchenry
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What's the name of the background music?
I really wanna know

s.h.
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Show me a proponent of lean and I'll show you a person who had never worked for a large conglomerate pretending to be lean and adapting all the buzz words with non of the work and all the inefficiency .

Chris-sfug
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Hey I’ve got an idea that could work really well “Lean Socialism.” So far it’s just been applied to people in food lines but you never know.

TheMichaelMove
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this is the wrong type of lean i was lookingfor

simonpettersson
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Less wages and advantages and serious accountability for politicians.

blue