Review article

Sustainable cost reduction by lean management in metallurgical processes

A. V. Todorut ; “Constantin Brancusi” University of Targu Jiu, Faculty of Education Science and Public Management, Targu Jiu, Romania
L. Paliu-Popa ; “Constantin Brancusi” University of Targu Jiu, Faculty of Economics, Targu Jiu, Romania
V. S. Tselentis ; University of Piraeus, Greece
D. Cirnu ; “Constantin Brancusi” University of Targu Jiu, Faculty of Economics, Targu Jiu, Romania

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

Hrčak ID:

157480

URI

https://hrcak.srce.hr/157480

Publication date:

1.10.2016.

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