Lean principle(s)

Lean principle(s)

Write a paper relating Lean principles to an example from your personal or professional life May be any example (current events, your professional life, your personal life, etc.) Be specific Describe how correctly applying the principle(s) would have resulted in a better outcome.

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The Lean Principles

The lean principle was born out of manufacturing practices. However, these principles are continuously being applied in different organizations to help in the management sector (Holweg, et al. 2000). These principles are based on ideologies of respect and often encourage improvement in an organization. The five lean principles include the following; defining value, mapping the value stream, creating flow, using a pull system and pursuing perfection. For organizations to prosper, most of them put these five principles into consideration.

One of the things people fail to consider or look into completely is defining the value of their product.

(400 words)