Understanding Lean in Business Management
Understanding Lean in Business Management
In the realm of Business Management, the term Lean holds significant importance. It is a systematic method for waste minimization within a manufacturing system without sacrificing productivity. Lean also takes into account waste created through overburden and waste created through unevenness in workloads.
Originating from the Japanese manufacturing industry, the term has now found its place in various sectors including Information Technology, Project Management, and Change Management. The Lean methodology aims at improving efficiency and effectiveness by focusing on customer value.
Key Principles of Lean
- Value: Define what value means to the customer.
- Identify the value stream: Map out all end-to-end linked actions, processes and functions through which raw materials become a finished product.
- Flow: Ensure that the product smoothly flows through the value stream.
- Pull: The product is pulled from the consumer end, not pushed from the production end.
- Perfection: Strive for perfection by continually removing successive layers of waste as they are uncovered.
For more detailed information, you can visit the Lean Manufacturing page on Wikipedia.
Additional References
2. Six Sigma
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