key term - Lean manufacturing

Definition

Lean Manufacturing is a systematic method for waste minimization within a manufacturing system without sacrificing productivity. It focuses on enhancing value for the customer by optimizing processes, reducing unnecessary steps, and cutting excess costs.

Related terms

Just: In-Time Production - A strategy that aligns raw-material orders from suppliers directly with production schedules to reduce inventory costs.

Kaizen:

A Japanese term meaning "change for better," referring to activities that continuously improve all functions of a business and involve all employees.

Value Stream Mapping: A tool used to visualize and analyze the flow of materials and information required to bring a product or service to a consumer