Posted: February 26th, 2021

Lean principles | Management homework help

The Lean principles are widely used in many business as well as other industries such as healthcare sectors to improve efficiency and reduce costs of operations. The main goal of the Lean principles is to eliminate waste especially the non-added value components in any operation. The Five key lean principles include defining value of the components, mapping value stream, creating flow, establishing a pull system and seeking for perfection.

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