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Lean Management

Lean Management is an approach theorized by Womack and Jones in their book, Lean Thinking. Lean Management describes a management system that aims to generate maximum value creation in the shortest time and at the lowest cost.

 

Its main objective is to limit waste in order to lighten the work processes of an organization optimally, meaning without impacting performance.

 

The 5 principles of LEAN:

 

1. Set the value:

identify what the customer is willing to pay for.

 

2. Identify the value stream:

dissociate value-creating and non-value-creating operations.

 

3. Promote the process flows:

limit disruptions and interruptions and ensure the smooth sequence of operations.

 

4. Pull the process flows:

 produce goods or services based on actual demand

 

5. Continuous improvement:

start a continuous improvement cycle to eliminate new waste.




Related definitions

Continuous Improvement Process | Kaizen Six Sigma Production Leveling | Heijunka Just In Time | JIT