Sustainable cost reduction by lean management in metallurgical processes

Amalia Venera Todorut, Lucia Paliu-Popa, V S Tselentis and Doru Cirnu
Authors registered in the RePEc Author Service: Lucia Popa Paliu

MPRA Paper from University Library of Munich, Germany

Abstract: This paper focuses on the need for sustainable cost reduction in the metallurgical industry by applying Lean Management (LM) tools and concepts in metallurgical production processes leading to increased competitiveness of corporations in a global market. The paper highlights that Lean Management is a novel way of thinking, adapting to change, reducing waste and continuous improvement, leading to sustainable development of companies in the metallurgical industry. The authors outline the main Lean Management instruments based on recent scientific research and include a comparative analysis of other tools, such as Sort, Straighten, Shine, Standardize, Sustain (5S), Visual Management (VM), Kaizen, Total Productive Maintenance (TPM), Single-Minute Exchange of Dies (SMED), leading to a critical appraisal of their application in the metallurgical industry.

Keywords: metallurgical processes; Lean Management; sustainability; cost reduction; market (search for similar items in EconPapers)
JEL-codes: L61 (search for similar items in EconPapers)
Date: 2015-12-24
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in Metalurgija 55.4(2016): pp. 846-848

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