The 5 Fundamental Principles of Lean Manufacturing

Post by Dr. Greg Jacobson, read by Mark Graban Management expert
James P. Womack, Ph.D., is the founder and senior advisor to the
Lean Enterprise Institute, Inc., a nonprofit training, publishing,
conference, and management research company chartered in August
1997 to advance a set of ideas known as lean production and lean
thinking, based initially on Toyotaâs business system. He, along
with Daniel T. Jones, founder and Chairman of the Lean Enterprise
Academy in the U.K penned the influential work, Lean Thinking:
Banish Waste and Create Wealth in Your Corporation in 1996.
Although much of the material they cover is not new, they present
it with a unique structure that rests on five core principles of
Lean manufacturing. Although their focus is on the manufacturing
sector, these principles can be put to work in other industries
including healthcare, construction, higher education and software
development.