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Showing posts from May, 2021

The Benefits of Lean Methodology

“Know what your customer want most & what your company does best. Focus on where these two meet.” -Kevin Stirtz   The objective of writing this post is to provide basic concepts of Lean Methodology and its benefits to the students of management, who can apply these concepts for the efficient and cost affective processes to contribute towards overall growth of the organization. Lean Methodology The key to Lean Methodology is the optimization of available resources to achieve well defined goals of the organization. Lean Methodology is aimed at creating efficient workflow through elimination of process wastes and provides the basis for continuous process improvement and value addition to customers. It ensures: reduced cycle time, reduced cost of product or service, improved quality and on time delivery to customers. Value Addition To Customers Value addition to customers is accomplished through identifying and eliminating wasteful steps in the process (Non value ad