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iLAB: Intelligent Lean Lab | The presenters have developed an innovative product "iLAB - Intelligent Lean Lab" that will be introduced for the first time at this conference.
iLAB is based on two management theories and ideas: (1) decision sciences and operations management (DSOM) and (2) business analytics. iLAB prescribes a method of developing the lab designs using DSOM principles. Once the physical infrastructure has been planned to support efficient, lean and flexible operations using DSOM, iLAB dashboard is developed using business analytics principles and IIoT (Industrial Internet of Things) based tools.