International Business Negotiations
Lean manufacturing is a production practice that considers the expenditure of resources in any aspect other than the direct creation of value for the end customer to be wasteful and thus a target for elimination. It emphasizes optimizing efficiency, reducing waste, and improving productivity through various methodologies. By applying these principles in the manufacturing process, organizations can achieve faster turnaround times and better quality products while fostering a culture of continuous improvement.
congrats on reading the definition of Lean Manufacturing. now let's actually learn it.