Lean Methodology Principles are a set of practices and principles that are used to streamline business processes and eliminate waste. The goal of Lean Methodology is to maximize customer value while minimizing waste. This is done by identifying and eliminating non-value-added activities, such as overproduction, inventory, waiting, motion, and defects. Lean also focuses on improving the flow of information and materials, as well as increasing the speed of production. Lean Methodology is based on the idea that small, incremental improvements can lead to big gains in efficiency and productivity. It is a continuous process of improvement that focuses on eliminating waste, improving quality, and reducing costs. By focusing on the customer and the value they receive, Lean Methodology ensures that resources are used in the most efficient way possible. Lean Methodology Principles are used in a variety of industries, including manufacturing, healthcare, and software development. By focusing on customer value and eliminating waste, Lean Methodology can help businesses become more efficient and productive.
