Among the most effective processes to cut on cost and reduce waste, lean manufacturing has helped increase efficiency as well as profit. However, companies involved in Lean manufacture of products face challenges too. 4 toughest challenges faced by Lean manufacturing companies
Hence, businesses operating with lean principles can implement programs to upskill their employees to build a successful manufacturing business.
The implementation of this process thus requires substantial investment. As most of the companies adopting lean manufacturing principles face funding challenges, optimisation becomes an issue.
It may again be a result of the workforce not being skilled enough to understand and implement the lean concept into the manufacturing or production line.
Hence, while up-skilling and installing efficient technology are the challenges in implementing these business ideas in India, companies can meet their funding requirements for such implementations by availing business loan from reputed lenders. Proper implementation of lean manufacturing principles is vital for business growth irrespective of their size.
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AuthorAman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management. |