The Theory of Constraints states organizations can be measured by three criteria: throughput, operational expense, and inventory.
Single Minute Exchange of Die (SMED) is a process used to reduce waste. SMED can be utilized across many different industries.
Takt time is the rate at which an organization needs to complete the production process in order to meet the customer demand.
Cellular Systems is kind of Lean approach that seeks to achieve efficiencies by leveraging the similarities between production units.