Lean has long been celebrated for its role in streamlining operations and delivering value. Born out of Toyota’s Production System (TPS) in the 1940s, Lean principles focus on reducing waste, optimizing processes, and empowering employees to act as problem-solvers. By prioritizing value, mapping value streams, establishing flow, creating pull systems, and pursuing continuous improvement, Lean has transcended industries and become a universal template for operational excellence.
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Disclaimer: Much of this article is based on the PowerPoint presentation Operational Excellence: An Integrated Business Execution System developed by Operational Excellence Consulting.
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In "The Discipline of Market Leaders," Michael Treacy and Fred Wiersema describe three distinct value propositions an organization can choose to compete in their market or industry:
- Operational Excellence,
- Product Leadership, and
- Customer Intimacy.
The core of the book is based on five years of research by the T
Disclaimer: Much of this article is based on the PowerPoint presentation Lean Thinking 101 developed by Operational Excellence Consulting.
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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.
The general approach to Lean is learn-by-doing and to foster a culture of
