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Hess Corp is taking a page out of Toyota’s manufacturing book as it looks to cut costs and thrive at $40 oil. Automaker Toyota Motor Corp (NYSE: TM) disrupted the automotive industry when it developed ...

Automaker Toyota Motor Corp (NYSE: TM) disrupted the automotive industry when it developed a lean manufacturing process known as the Toyota Production System. It's a system that focuses on eliminating ...

In Toyota's North American manufacturing facilities, robotic welders like these work together with the automated and manual processes as part of the company's technology-infused lean production system ...

In the wake of the latest indices showing the second straight month of manufacturing decline, some U.S. manufacturers struggling to compete globally may be looking again at moving business overseas to ...

SmartPlanet colleagues Andrew Nusca and Larry Dignan have been doing a great job following the debacle involving Toyota’s sticky gas pedals, and point to discussions about how the automaker's ...

Discover how Lean Six Sigma enhances performance by combining Six Sigma and Lean methods to reduce waste and defects, ...

So, what is lean management exactly? Put in its most simple form, lean management is about eliminating waste without sacrificing productivity to improve work processes, purposes, stakeholder value, ...

While Lean principles have been known and applied in a variety of manufacturing processes, the applications in product development have been slower to come. Several companies have also applied Lean to ...