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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 ...

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DENVER, April 2 (Reuters) - Oil producer Hess Corp has turned to a manufacturing process developed by automaker Toyota Motor Corp to cut costs and boost production as crude oil prices lag. Deploying a ...

The Lean approach to process improvement gets a lot of attention in healthcare. First appearing in the 1990s, Lean management was touted as a way to remove waste and add value to processes. The theory ...

The story of many a lean implementation is one of fits and starts, of major gains followed by major backsliding, of high hopes that trail into disappointment. Other stories, like that told by La-Z-Boy ...

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 ...

As a research scientist at the Massachusetts Institute of Technology (MIT) between 1975 and 1991, James P. Womack directed a series of comparative studies of world manufacturing practices. In 1990, ...

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 ...

Lean and Six Sigma aren’t the answer to improving your hospital. Being like Toyota is, but that doesn’t mean the answer is gemba walks and value stream maps. Don’t let the consultants fool you. The ...