Michael Saltzstein Explores the Principles of Lean Management and Their Impact on Reducing Costs and Boosting Productivity
Michael Saltzstein Explains How Lean Management Helps Businesses Eliminate Waste and Improve Efficiency Lean management is a proven methodology that businesses across various industries use to eliminate waste, improve processes, and maximize operational efficiency. Originating from the Toyota Production System, lean principles focus on creating more value for customers with fewer resources. Michael Saltzstein remarks that b y identifying and removing activities that do not add value, companies can streamline their operations, reduce costs, and improve overall productivity. Understanding the Core Principles of Lean Management At the heart of lean management are five core principles: value, value stream, flow, pull, and perfection. Each principle serves as a guide to help businesses identify and eliminate inefficiencies. Value: The first step is to define value from the customer’s perspective. Understanding what customers truly need allows busines...