Five Lean Thinking Fundamentals
Specify value: Value is defined by customer in terms of specific products and services
Identify the value stream: Map out all end-to-end linked actions, processes and functions necessary for transforming inputs to outputs to identify and eliminate waste
Make value flow continuously: Having eliminated waste, make remaining value-creating steps “flow”
Let customers pull value: Customer’ s “pull” cascades all the way back to the lowest level supplier, enabling just-in time production
Pursue perfection: Pursue continuous process of improvement striving for perfection
Continue at: https://ocw.mit.edu/courses/aeronautics-and-astronautics/16-660j-introduction-to-lean-six-sigma-methods-january-iap-2012/lecture-videos/MIT16_660JIAP12_1-6.pdf
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