The implementation of lean processes in manufacturing can significantly lower operating costs while substantially boosting profits, an industry expert told business leaders in Illinois recently.
“In the last eight years, our sales have gone from $13 billion to $25 billion and our cash flow has tripled each year,” said Ray Keefe, vice president of manufacturing at Emerson Electric, speaking at the Valley Industrial Association’s 2008 Economic Luncheon in Naperville, Ill.
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