WHAT IS LEAN MANAGEMENT?

Lean management is a business approach that aims to optimize value and eliminate waste in an organization's processes, products, or services. Lean is based on the idea that a focus on continuous improvement and customer value can help an organization achieve greater efficiency, productivity, and profitability.

Lean is implemented through a set of principles and practices, including:

• Identifying value: Identifying the activities that create value for customers and eliminating those that do not.

• Mapping the value stream: Mapping out the flow of activities that create value and identifying opportunities to eliminate waste.

• Creating flow: Creating a smooth, efficient flow of work by eliminating bottlenecks and reducing variability.

• Establishing pull: Establishing a system in which work is "pulled" through the value stream based on customer demand, rather than "pushed" through based on production schedules.

• Pursuing perfection: Continuous improvement and the pursuit of perfection in order to maximize value and eliminate waste.

Lean has been applied in various industries and has been credited with improving quality, customer satisfaction, and financial performance in organizations that have implemented it. Lean is often used in conjunction with other quality improvement approaches, such as Six Sigma and Total Quality Management (TQM).