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Lean manufacturing: the balance of costs versus productivity

"... if you place inventory management, energy management and knowledge management at the heart of your strategy, it is possible to both decrease expenditure and improve efficiency..."

In industry, an increased need for budget cuts can put even the best manufacturing efficiency plans under pressure. European manufacturers are estimated to spend over €400 billion every year on maintenance. With this figure in mind, could it be possible to decrease expenditure while improving efficiency? John Mitchell reports ...

Read the full article in "Target Online"

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