Lean methodology, since its birth, has transformed the world of manufacturing and business. Unlike other business methodologies, it is not a perspective practice with rigid and hard-and-fast rules. It is more like an evolutionary process that asks for continuous improvement.
The following are the key principles on which the foundations of lean methodologies are laid Six Sigma.
Since all the business processes are designed on a certain value stream that contains the right sequence of the activities to follow. Optimizing the whole value stream can play a vital role in adding more value to your product/service.
Anything that does not add to the value of your product or anything your customer would not benefit from or pay for it is called waste in lean manufacturing. It can be of various types. To attain the desired efficiency in the process, it is must you should be able to identify and eliminate these wastes.
The limitations of homegrown systems are exposed as the business grows. The only way to achieve sustainable growth, the quality building is a requirement. The concept is very simple. Standardize and automate all the repeatable processes. Once your processes are error-proof, you can better focus upon improving the quality.
Your efforts and all the hard work you put in your product is only valuable if it reaches the customers in time. The faster you will deliver the value to your customer, the more time you will get to learn from customer reviews and valuable feedback. It will enable you to serve what exactly is asked for.
As discussed earlier, a Lean organization is not rigid in nature and laws, rather it is a learning organization. It expands and develops through analysis of the results of small, incremental experiments of a given process over time and again and makes changes in the system accordingly. Even small process improvements can have a major impact on overall production and quality.
The roots of Lean thinking are derived from the manufacturing philosophy of Toyota. It emphasizes a just-in-time system of inventory management. For a lot of businesses, it is crucial to feeling pressure to plan and sometimes complete work well ahead of deadlines, especially when there’s much at stake.
The success of any business initiative in the world hinges upon one this one principle: Respect people. Businesses design and deliver products/services that facilitate/serve customers. If we only look at things from the customers’ perspective and start making changes in the product accordingly, no one can stop us from achieving excellence.