Today there were presentations in class. Everyone did a really good job. We all have come a long way. There was something new and unique in every presentation that took place. I really liked the idea of Lean IN ASSET MANAGEMENT. I think lean production would really help in maintenance, health and safety and facility management.. It said that it is important to stop production as and when the defect is found. It is one of the things lean teaches. This will save a lot of money in rework. In terms of health and safety, if your product is a boat it is important it is not defective as life of people are involved, so its important to stop the production as and when defect is found. In terms of resouse utilsation, JIT would ensure that there is no over producation and no additional place is needed to store things.
I also liked May's idea that innovation is necessary in exsiting products as well. I mean innovation keeps interest of the customers in existing products and also can increase the life cycle of the product.
In terms of knowledge management, I think its important to store ones mistakes and solution in the database and one can learn from their mistakes and its easily solution is easily availble if the same mistake is made again.