Lean is a management philosophy and set of practices that is focused on maximizing customer value while minimizing waste. Lean is based on the idea that organizations should identify and eliminate activities that do not add value for the customer, and instead focus on activities that directly benefit the customer.
In a Lean organization, the goal is to create a smooth, efficient production process that delivers high-quality products or services to the customer with minimal waste. This can be achieved through a number of practices, such as reducing lead time, minimizing inventory, and using visual management tools to track and improve the production process.
Lean is often used in manufacturing and other industries where there is a physical product, but it can also be applied to service-based industries, such as healthcare and finance.
Overall, Lean is a management philosophy and set of practices that is focused on maximizing customer value while minimizing waste. It is based on the idea of identifying and eliminating activities that do not add value for the customer, and instead focusing on activities that directly benefit the customer. Lean is often used in manufacturing, but it can also be applied to service-based industries.
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