Manufacturing is the process within which raw materials are converted into a finished product ready for sale on the market. This process which adds value, gives the manufacturer a profit margin ...
Where MRP and MRP II are push based methodologies – the product is pushed through the system, JIT is pull based. This means that the product is pulled through the manufacturing process ...
The lean manufacturing methodology is based on two components. The first is the continual identification and elimination of any activities that do not add value to the production process ...