Lean Manufacturing Definition | IoT ONE Digital Transformation Advisors

Terms Glossary L Lean Manufacturing

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	Lean Manufacturing

Lean Manufacturing

Formal	A manufacturing practice that aims to reduce wasted time, effort or other resources in the production process. Read More
Practical	Lean manufacturing makes obvious what adds value, by reducing everything else (which is not adding value). This management philosophy is derived mostly from theToyota Production System (TPS) and identified as "lean" only in the 1990s. TPS is renowned for its focus on reduction of the original Toyotaseven wastes to improve overall customer value, but there are varying perspectives on how this is best achieved. The steady growth of Toyota, from a small company to the world's largest automaker, has focused attention on how it has achieved this success. Read More
Contents

Formal

A manufacturing practice that aims to reduce wasted time, effort or other resources in the production process.

Practical

Lean manufacturing makes obvious what adds value, by reducing everything else (which is not adding value). This management philosophy is derived mostly from theToyota Production System (TPS) and identified as "lean" only in the 1990s. TPS is renowned for its focus on reduction of the original Toyotaseven wastes to improve overall customer value, but there are varying perspectives on how this is best achieved. The steady growth of Toyota, from a small company to the world's largest automaker, has focused attention on how it has achieved this success.

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Lean Manufacturing

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