The document discusses lean principles and tools used at Industrial Mold & Machine. It advocates adopting a lean philosophy to eliminate waste, continuously improve, and focus on providing value to customers. Some key lean tools mentioned include 5S, SMED, standardized work, kanban, mistake proofing and cellular manufacturing which are used to reduce lead times, setup times, work in progress inventory and improve quality, safety, costs and customer satisfaction when implemented as an integrated system and not just a set of individual tools.