Key Principles and Waste Reduction Lean can be defined as "...a way to do more and more with less and less - less human effort, less equipment, less time, and less space - while coming closer and closer to providing customers exactly what they want." This can be translated into five key principles: Value: Value refers to the products, services, or features that customers are willing to pay for, which satisfy their needs and expectations, driving business success and customer loyalty. The Value Stream: The Value Stream represents the entire set of processes and activities involved in creating and delivering a product or service to the customer, highlighting areas where value is added and waste can be eliminated. Flow: Flow refers to the smooth, uninterrupted movement of products, services, or information through the value stream, minimizing delays, bottlenecks, and waste, and enhancing overall efficiency. Pull: The Pull principle emphasizes producing goods or services in response to actual customer demand, rather than forecasting or pushing products onto the market, reducing inventory and waste. Perfection: Perfection is the ongoing pursuit of continuous improvement and the elimination of waste in all aspects of the business, striving for the highest possible quality, efficiency, and value delivery to customers. Lean is based on the idea of continuous, incremental improvements to products and processes while eliminating unnecessary activities. Activities that add value are only those that customers are willing to pay for; all other activities are considered waste and should be eliminated, simplified, reduced, or integrated.

1. 5KEYPRINCIPLES
ANDWASTE
REDUCTION
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Lean can be defined as "A way to do more and more with
less and less - less human effort, less equipment, less
time, and less space - while coming closer and closer to
providing customers exactly what they want." This can be
translated into five key principles:

3. 1.VALUE
Value refers to the products, services, or
features that customers are willing to
pay for, which satisfy their needs and
expectations, driving business success
and customer loyalty.
Swipe

4. 2.THEVALUESTREAM
The Value Stream represents the entire set of processes
and activities involved in creating and delivering a
product or service to the customer, highlighting
areas where value is added and waste
can be eliminated.
Swipe

5. 3.FLOW
Flow refers to the smooth, uninterrupted movement of
products, services, or information through the value
stream, minimizing delays, bottlenecks, and waste, and
enhancing overall efficiency.
Swipe

6. 4.PULL
The Pull principle emphasizes
producing goods or services in
response to actual customer demand,
rather than forecasting or pushing
products onto the market, reducing
inventory and waste.
Swipe

7. 5.PERFECTION
Perfection is the ongoing pursuit of continuous improvement
and the elimination of waste in all aspects of the business,
striving for the highest possible quality, efficiency, and value
delivery to customers.
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Adam Sokoloff
Chief Branding Dude
@Sunrise Signs
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