Industrial Engineer V Salary in Oak Park, Illinois

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

Lean Manufacturing: Lean manufacturing or lean production is a systematic method originating in the Japanese manufacturing industry for the minimization of waste (無駄, muda) within a manufacturing system without sacrificing productivity, which can cause problems. Lean also takes into account waste created through overburden (無理, muri) and unevenness in work loads (斑, mura). Working from the perspective of the client who consumes a product or service, "value" is any action or process that a customer would be willing to pay for.[citation needed] Lean manufacturing attempts to make obvious what adds value, through reducing everything else (because it is not adding value). This management philosophy is derived mostly from the Toyota Production System (TPS) and identified as "lean" only in the 1990s.[page needed], TPS is renowned for its focus on reduction of the original Toyota seven wastes to improve overall customer value, but there are varying perspectives on how this is best achieved. The steady growth of Toyota, from a small company to the world's largest automaker, has focused attention on how it has achieved this success.

Production Schedule: Is a project plan of how the production budget will be spent over a given timescale, for every phase of a business project.