Lean Manufacturing, is a term derived from Toyota’s production system, a system that was introduced in the 1950s and is better known for its efficiency when implementing just-in-time production.
By the beginning of the 21st century, the Lean Manufacturing principle was further strengthened by the emergence of a variety of new technologies. The combination of Lean and Digital technology is one of the ultimate directions to help Lean overcome traditional limitations, helping executives bring resource optimization to a new level. The goal of Lean Manufacturing is to optimize resources and costs in production by eliminating waste in production. The lean manufacturing system has gone beyond the boundaries of traditional manufacturing industries to expand into the service fields including healthcare, retail, travel, banking, offices, hospitals, and administrative offices. Lean manufacturing is considered one of the core tenets of the world’s leading factories and a “religion” that manufacturers must follow.
So, what role is Lean Manufacturing playing in promoting industrial development in Vietnam? What are the benefits and challenges of Lean Manufacturing? And how can Vietnamese businesses successfully apply Lean Manufacturing in their operations?
