Publication detail

Implementing lean production: Application of Little's law

MEDONOS, M. JUROVÁ, M.

Original Title

Implementing lean production: Application of Little's law

English Title

Implementing lean production: Application of Little's law

Type

conference paper

Language

en

Original Abstract

Purpose of the article Lean production is a well-known, popular and necessary strategy for companies of how to improve performance, financial indicators and position on the market. It was developed in Toyota in the second half of 20th century and this philosophy has been successfully implemented by a lot of companies. There is no doubt about its competitive advantage for companies. But still, there are lots of companies, which weren't successful in the implementation or which haven't done it yet. That is because every company is unique and there is no clear methodology of how to become lean company.

English abstract

Purpose of the article Lean production is a well-known, popular and necessary strategy for companies of how to improve performance, financial indicators and position on the market. It was developed in Toyota in the second half of 20th century and this philosophy has been successfully implemented by a lot of companies. There is no doubt about its competitive advantage for companies. But still, there are lots of companies, which weren't successful in the implementation or which haven't done it yet. That is because every company is unique and there is no clear methodology of how to become lean company.

Keywords

lean production; cost of buffers; improving performance; company strategy; efficiency

Released

23.11.2015

Publisher

FBM BUT

Location

Brno

ISBN

978-80-214-5227-5

Book

Perspectives of Busieness and Entrepreneurship Development

Edition

Proceeding of selected papers

Edition number

15

Pages from

229

Pages to

237

Pages count

9

BibTex


@inproceedings{BUT163273,
  author="Michal {Medonos} and Marie {Jurová}",
  title="Implementing lean production: Application of Little's law",
  annote="Purpose of the article Lean production is a well-known, popular and necessary strategy for companies of how to improve performance, financial indicators and position on the market. It was developed in Toyota in the second half of 20th century and this philosophy has been successfully implemented by a lot of companies. There is no doubt about its competitive advantage for companies. But still, there are lots of companies, which weren't successful in the implementation or which haven't done it yet. That is because every company is unique and there is no clear methodology of how to become lean company.",
  address="FBM BUT",
  booktitle="Perspectives of Busieness and Entrepreneurship Development",
  chapter="163273",
  edition="Proceeding of selected papers",
  howpublished="online",
  institution="FBM BUT",
  year="2015",
  month="november",
  pages="229--237",
  publisher="FBM BUT",
  type="conference paper"
}