With the Lean & six sigma efforts and operations excellence focus, businesses operate much more efficiently today. Lean methodologies have matured and have been embraced by a majority of organizations. In the Industrial segment, Lean methods are continuously applied to shop operations to remove waste & improve efficiency of labor, material, time, and space and generate tangible savings. These gains are in the range of 3%-5% – sufficient to offset annual inflation and foreign exchange fluctu...

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