Abstract
Based on the method developed in Sect. 6.2, its step-by-step application to different production typologies is exhibited. Each step is explained, based on real cases from our personal experience. The purpose of these examples is to support the reader more into comprehending how the method can be applied to deal with particular situations and less to give recipes for specific problems. The journey of lean flow is an exciting adventure for anyone who decides to follow it. It was for me personally an experience and every time it happens, I always learn something new, thus becoming a valuable means for its next implementation. The saying, ‘One is never too old to learn permanently from new situations is completely true and I wish to confirm that on this journey there is no chance of reaching saturation or falling into a rut’.
Practice without theory is blind, while theory without practice is empty
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Notes
- 1.
A business term referring to the expense required to attain materials. In setting a purchasing strategy, a company must decide what the maximum cost of acquisition will be, which effectively determines the highest amount the company is willing to spend to attain each part.
- 2.
Costs incurred as a result of an inventory position. These costs can include financial costs, such as the interest costs on loans used to purchase materials, and economic costs, such as the opportunity costs associated with taking the initial position.
- 3.
These four elements correspond to the primordial substances introduced by: Thales (water), Heraclitus (fire), the Pythagorean school (air and earth).
References
Danaktsi C (2010) Reorganization of elevator assembly lines based on the principles of lean production. Dissertation, Democritus University of Thrace, Greece
Margaritis G (2008) Implementation of lean production methods in a furniture factory. Dissertation, Democritus University of Thrace, Greece
Markowitz HM (1991) Foundations of portfolio theory. J Financ 46(2):469–477
Slome W (2010) EBITDA Sniffing out the truth. In Investing Caffeine. Sidonia Capital Management, cited 28 July 2011
Tsigkas AC (2011) Open lean electricity supply communities. Energy Systems 2(3):407–422. doi:10.1007/s12667-011-0043-8, Springer
Yuvanezas J (2011) Study – implementation of the modern portfolio theory in the energy planning of Greece. MSc Dissertation, Democritus University of Thrace, Greece
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2013 Springer-Verlag Berlin Heidelberg
About this chapter
Cite this chapter
Tsigkas, A.C. (2013). Lean Factory. In: The Lean Enterprise. Springer Texts in Business and Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-29402-0_8
Download citation
DOI: https://doi.org/10.1007/978-3-642-29402-0_8
Published:
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-29401-3
Online ISBN: 978-3-642-29402-0
eBook Packages: Business and EconomicsEconomics and Finance (R0)