oboloo Glossary

Lean Continuous Improvement Principles

oboloo Glossary

Lean Continuous Improvement Principles

The official business definition of Lean Continuous Improvement Principles is a set of practices that are designed to improve the efficiency and effectiveness of a business. It focuses on eliminating waste, reducing costs, and increasing customer satisfaction. Lean principles are based on the idea that any process can be improved, and that by doing so, a business can become more competitive. The key elements of Lean Continuous Improvement Principles include identifying and eliminating non-value-added activities, streamlining processes, and creating a culture of continuous improvement. Lean principles also emphasize the importance of collaboration, communication, and customer focus. By utilizing Lean Continuous Improvement Principles, businesses can create an environment that is focused on creating value for customers and creating a competitive advantage.