Lean Procurement

Lean procurement is a term used to describe a procurement process that is streamlined and efficient. The goal of lean procurement is to minimize waste and reduce the overall cost of goods and services.

There are a number of ways to achieve lean procurement, but the most common method is through the use of lean tools and techniques. Lean tools can help identify wasteful practices and eliminate them from the procurement process. Common lean techniques used in procurement include value stream mapping, 5S, kaizen events, and Poka-Yoke.

When implemented properly, lean procurement can result in significant cost savings. In one study, the use of lean techniques was able to reduce the cost of Procurement by 20%. Other benefits of lean procurement include reduced lead times, improved quality, and increased customer satisfaction.