There are many companies worldwide that are looking to fight competition and get a competitive edge. While there are many tools available to make that happen, the latest addition to the repository is that of the lean manufacturing process. This is a new buzzword in the management philosophy which is continuously aiming at reducing waste in the production environment so as to reduce costs and increase profit margins. If the wastefulness is eliminated from the production process, it would not only mean increased efficiency but also enhanced productivity.
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