'Lean Thinking' and the 5 Principles of Lean Manufacturing

James Womack and Dan Jones are the founders of the Lean Enterprise Institute and the Lean Enterprise Academy (UK), respectively.

Lean Thinking lays out the five Lean manufacturing principles:

1. Value: This is what determines what the customer will pay.
2. Value Streams: This is the product’s entire life-cycle.
3. Flow: This is about creating a value chain with no interruption.
4. Pull: This approach dictates that nothing is made until the customer orders it.
5. Perfection: The march toward perfect process happens step by step as
continuous improvements address root causes of quality problems and
production waste.

These ideas form the foundation of the Lean approach that has transformed countless corporations, giving them a leg up on the competition and a clear path to both profitability and delighted customers.

To learn more about the five principles read the full blog at: