The Gold Standard - "A well established and widely accepted model or paradigm of excellence by which similar things are judged or managed"
Kanban is a workflow method that defines, manages and improves the delivery of well-informed and knowledgeable results.
Kanban initially arose as a scheduling system for lean manufacturing, originating from Toyota Production Systems. In the late 1940s, Toyota introduced just in time manufacturing to its production system and this unique method of production laid the foundation of lean manufacturing. Its core purpose is to minimize wasteful activities without sacrificing productivity. The main goal is to create more value for the customer without generating more cost. At the beginning of the 21st Century, key leaders in other industries quickly realized how Kanban could be used to change how products and services were delivered. With an increased focus on efficiency, and by harnessing advances in computing technology, Kanban left the automotive industry's realm and was successfully applied to other complex commercial sectors. In the beginning of 2007, the Kanban Method, emerged with all core elements.
When constructed, managed, and functioning correctly, a Kanban system serves as a real-time information repository helping us serve our clientele more efficiently and provide them with the best strategies available using tools and knowledge from the field of economics, probability, statistics, computer programming and applied mathematics. The KANBAN Center for Planning and Control, merges this proven system with financial engineering. This produces a risk shifting strategy that ensures an active NBA player can retire receiving tax-free income at age 55.
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