The document discusses Lean Manufacturing. It began in the automobile industry but has expanded to other industries. Lean aims to reduce waste and use fewer resources to produce the same output. The core principles are to specify value, identify the value stream, make the products flow without interruptions, have customers pull products as needed, and continuously improve. Key tools include 5S, cellular manufacturing, jidoka, and kaizen for continuous improvement. The ultimate goal is to maximize value while minimizing waste.