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Lean Management is a management philosophy based on the Toyota Production System (TPS). This management philosophy was coined "Lean" only in the 1990s. The objective of Lean Thinking is to eliminate everything that does not add value (i.e. "waste") from the customer's perspective; and on maximizing value for customers, in order to improve efficiency, quality, and overall performance.
The core principles of Lean include:
We have also published an in-depth article on Lean Management, which breaks the 8 types of waste and other foundational Lean concepts.
For more information, have a look at these management topics:
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