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The other savings came from standardizing our manufacturing processes and implementing lean manufacturing principles.
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As Toyota discovered with lean manufacturing, production-line workers, given the chance, can come up with plenty of good ideas to improve productivity.
ECONOMIST: Automation
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As part of the supply chain, the demands placed on you require responsiveness and the flexibility of mixed mode and lean manufacturing methods.
FORBES: A Master Of Complexity: The Manufacturing COO
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To this end, it has introduced lean manufacturing techniques in its Seattle factories, even bringing in a moving conveyor line to streamline aircraft assembly.
ECONOMIST: Boeing's bleak outlook
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Lean manufacturing requires partners to share information knowing that it will not be leaked to a competitor, or used to strike a new bargain.
ECONOMIST: Firms and their suppliers
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In a sense, StreamWork applies the Lean Manufacturing concept of standardizing work to the process of decision making, which makes a variety of continuous improvement processes possible.
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And, tapping his auto parts experience, he introduced the just-in-time inventory-control system and lean manufacturing, which emphasizes reducing wasteful processes in order to make better products and respond quickly to customers.
FORBES: The Great Train Catch-Up
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And to help meet that goal, this master of lean manufacturing is experimenting with a new cost-saving factory setup that it hopes to deploy around the world--while competitors are just now catching up with its last-generation manufacturing innovations.
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Clark, who has expertise in drug marketing and manufacturing, will probably have to lean very heavily on Merck's research chief, Peter Kim , to find new drugs to fill the company's ailing pipeline.
FORBES: Gilmartin Gets Out Of The Way
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Professor Donald MacRae, who co-ordinates the PMI for Bank of Scotland, suggests Scottish manufacturing may be benefiting from modernising in the pre-recession era to a more lean profile, helping explain why things look better for now.
BBC: Banking on the future