But over the past decade or so, the switcher has become democratized and multi-functional, hence the name live production system. When proprietary and very expensive hand-built switchers became ...

The Toyota Production System (TPS), also known as the Lean management system (Lean), is already helping health care organizations provide high-quality, low-cost care, and it promises to do far more.

I think most would agree that the Toyota Production System (TPS) has revolutionized business around the world, particularly manufacturing. What makes the TPS so revolutionary? I worked in management ...

Mercedes-Benz is employing a new digital production system in Tuscaloosa which it looks to implement throughout its auto plants around the globe. MO360 uses Internet of Things (IoT) technology ...

A bottleneck is a point of congestion in a production system (such as an assembly line or a computer network) that stops or severely slows the system. The inefficiencies brought about by the ...

In a market economy, the production and pricing of goods and services are driven by buyers and sellers rather than government control. A market economy is an economic system in which the ...