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Business in today’s world is more complex & competitive, while the cost of being in business in all over the world is rising at a faster rate than inflation. Successful companies react to these forces by acting on to the root of value-add activities through Lean Management.
The basic idea is to maximize customer value while reducing waste. Simply, lean means generating more value for customers with fewer resources. A lean organization understands customer value and focuses its key processes to constantly increase it. The primary goal is to provide perfect value to the customer through a perfect value creation process that has no waste.
To accomplish this, lean approach changes the focus of management from optimizing distinct technologies, assets, and vertical departments to optimizing the flow of products and services through entire value streams that flow horizontally across technologies, assets, and departments to customers.
Reducing waste along entire value streams, instead of at isolated points, creates processes that need reduced human effort, reduced space, reduced capital, and reduced time to make products and services at far reduced costs and with much fewer flaws, compared with traditional business systems. Companies are able to make respective response to changing customer desires with high variety, high quality, low cost, and with very fast throughput times. Also, information management becomes much simpler and more accurate.
A popular misunderstanding is that lean is suited only to manufacturing. Not true. Lean applies in every business and every process. It is not a strategy or a cost reduction program, but a approach of acting for an entire organization.
Businesses in all industries and services, including healthcare and governments, are using lean principles as the way they think and do. Many organizations don’t use the word lean, but to label what they do as their own system, such as the Toyota Production System or the Danaher Business System. Why? To drive home the point that lean is not a program or short term cost reduction program, but the way the company operates. The word transformation or lean transformation is often used to describe a company moving from an old way of thinking to lean thinking. It needs an entire transformation on how a company manages its business. This takes a long-term perspective and perseverance.
Rajput Jain & Associates take a structured approach, analysing which areas add value a & which do not using process design, benchmarking, value analysis, with scenario analysis.
Our approach to Lean Management is experience-based, pragmatic, thorough & fast track. We can assist you in the analysis phase & also in implementation, using our proven project management skills.
Private Limited Companies are those types of companies where minimum number of members is two and maximum number is two hundred. A private limited company has the limited liability of members but at the same time it has many characteristics as those of a partnership firm. A private limited company has all the advantages of partnership namely flexibility, greater capital combination of different and diversified abilities, etc., and at the same time it has advantages of limited liability, greater stability and legal entity. In this sense, a private limited company stands between partnership and widely owned public company. Identifying marks of a private limited company are name, number of members, shares, formation, management, directors and meetings, etc., The maximum number of directors shall have to be mentioned in the Articles of Association. In the grand of privileges and exemptions, the Companies Act has drawn a distinction between an independent private company and other private company which is a subsidiary to the other public company.
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Thank you very much for all your help in setting up my new company and clearing up all outstanding business in my sole trader accounts. For the first time in years I have peace of mind regards my business accounts. Your workforce are a credit to you, the girls at reception are so helpful and Chris has been brilliant. It is very much appreciated.
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Rajput Jain & Associates. are a tremendous value added to me as an executive and a busy parent. It just makes sense to delegate my tax file to them -- they are proactive, extremely service oriented, and most importantly, I am completely confident they are finding every dollar of tax savings available to me.
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We use Rajput Jain & Associates for all our accounting, Corporation tax, VAT and other compliance needs. The service is professional, courteous and prompt. I would recommend Rajput Jain & Associates to any company requiring a comprehensive accounting and tax service.
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