Value: Understanding value from the customer's perspective is fundamental. Identifying what customers truly value allows organizations to focus on delivering those specific values efficiently.
Value Stream: Analyzing and optimizing the value stream— the sequence of steps required to deliver a product or service—by eliminating waste and enhancing flow. This involves scrutinizing processes to enhance efficiency and quality.
Continuous Improvement (Kaizen): Embracing a culture of continuous improvement by empowering employees at all levels to identify and solve problems, foster innovation, and make incremental improvements regularly.
Just-In-Time (JIT): Implementing a just-in-time production system to minimize inventory and waste by ensuring that goods are produced or delivered precisely when needed, reducing excess stockpiles and associated costs.
Pull System: Operating on a pull-based system where production is initiated based on actual customer demand, rather than pushing products into the market, leading to reduced overproduction.
Respect for People: Recognizing and valuing the contribution of employees at all levels, encouraging their involvement in decision-making processes, and fostering a culture of mutual respect and continuous learning.
Standardization: Creating standardized processes, where applicable, to establish consistency and facilitate continuous improvement by having a baseline for measuring change and improvement.
Eliminating Waste (Muda): Identifying and eliminating waste in all its forms, including overproduction, waiting time, unnecessary transportation, excess inventory, motion, over-processing, and defects.
Value-Based Problem Solving: Encouraging a problem-solving mindset focused on identifying and addressing the root causes of issues rather than just treating symptoms.
Adaptation and Sustainability: Emphasizing adaptability and the ability to evolve by continuously learning and improving processes to remain competitive and sustainable in a dynamic environment.
Language | English |
---|---|
ISBN-10 | 978-0-7432-3164-0 |
No of pages | 396 |
Font Size | Medium |
Book Publisher | Simon & Schuster |
Published Date | 07 Jul 2003 |
© 2024 Dharya Information Private Limited
Lean Thinking clearly demonstrates that these simple ideas can breathe new life into any company in any industry in any country. It offers a new way of thinking, of being and-above all-of doing for the serious long-term manager-one that is changing the world.