Citation
(2006), "Lean pays", International Journal of Productivity and Performance Management, Vol. 55 No. 6. https://doi.org/10.1108/ijppm.2006.07955fab.005
Publisher
:Emerald Group Publishing Limited
Copyright © 2006, Emerald Group Publishing Limited
Lean pays
Lean management is the only way for the Indian manufacturing sector to minimise cost and build world-class quality and service, according to Venu Srinivasan, chairman and managing director, TVS Motor Company.
Sharing the experiences of practising lean management at Sundaram Clayton and TVS Motor Company, he said that Sundaram Clayton became the lowest cost producer of air compressors (for HCVs) in the world through lean management. The company improved employee productivity by 100 per cent, inventory turns by 75 per cent and space productivity by 40 per cent, he added.
He suggested that at present, only about 150 companies in the country are practicing lean management. He said that lean management had to be brought into the system from the top through a systematic process and driven into the bottom. Not easy – but essential!