lean production

• An approach to management that focuses on cutting out waste, whilst ensuring quality. 
• Lean production aims to cut costs by making the business more efficient and responsive to market needs.

The lean approach to managing operations is really about:

• Doing the simple things well
• Doing things better
• Involving employees in the continuous process of improvement
• …and as a result, avoiding waste

• The concept of lean production is an incredibly powerful one for any business that wants to become and/or remain competitive. 

• Why? Because waste = cost  

• Less waste therefore means lower costs, which is an essential part of any business being competitive.