principles?

Answer

Lean Control or simply Lean has become a very popular business control and improvement

methodology in recent years. Lean control is a very sophisticated example of real non-

financial control. Lean is a non-financial management system used to improve the quality of

products and services and reduce waste. According to research, up to 70% of manufacturing

companies are using some form of Lean in their business operations. Although initially

focused on improving manufacturing operations, Lean is now being used to improve product

development, order processing, and a variety of other non-manufacturing processes.

The Five Core Principles of Lean

1.

Define Value from the Customer's

Perspective:

The first key

principle of

the Womack/Jones

Lean

Framework

is that value should

be

defined and specified from the customer's

point of view.

This

looks pretty

simple, but it

requires more than just the usual high-pitched

statement. To be meaningful, a value

must

be defined for

a particular

product. In

other

words, managers

need to

understand how

each particular