LEAN SOLUTIONS

The Lean Enterprise Institute (LEI) was founded in 1997 by James P. Womack and Daniel T. Jones. Jones and Womack posit that there are five key principles to Lean... To achieve that goal, Lean manufacturing defines waste as anything that does not add value to the customer. This can be a process, activity, product, or service; anything that requires an investment of time, money, and talent that does not create value for the customer is waste. Idle time, underutilized talent, excess inventory, and inefficient processes are all considered waste by the Lean definition... The term Lean manufacturing refers to the application of Lean practices, principles, and tools to the development and manufacture of physical products. Many manufacturers are using Lean manufacturing principles to eliminate waste, optimize processes, cut costs, boost innovation, and reduce time to market in a fast-paced, volatile, ever-changing global marketplace.

Also known as: LEAN Solutions, LLC