Many people look at the corrections and belt-tightening exercises they've performed to reduce expenses and declare, "In truth, the philosophy of Lean Manufacturing goes far beyond cost reduction and is actually grounded upon the elimination of waste. There are numerous variations of Lean Manufacturing, but most share some basic tenets:
- Specify value from the Customer's point of view
- Identify value streams
- Make value flow
- Pull value through the system
- Pursue perfection
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