What is Lean Management
Lean means, to achieve excellence or even perfection, in each and every aspect of the enterprise, by
continual identification, reduction and if possible, elimination of waste.


Application of Lean is easier by application of the following principles of Lean Management.


Principles of lean management
  • Specify value from customer point of view as per product family
  • Identify all the steps in the value stream for each product family and eliminate whenever, wherever
    possible those steps that do not create value
  • Make the value-creating steps occur in tight sequence; so the product will flow smoothly
    towards the customer.
  • As flow is introduced, let customers pull value from the next upstream activity.
  • As value is specified, value streams are identified, wasted steps are removed, flow and pull are
    introduced, begin the process again and continue it until a state of perfection is reached in which perfect
    value is created with no waste.