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What is the definition of lean manufacturing?

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What is the definition of lean manufacturing?

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Knowing what adds value, or what your customer is willing to pay for, is the focus of the lean manufacturing method. Improving value by reducing waste is key to the process.DefinitionLean manufacturing is a process of review of and change to the procedures a business uses to deliver its product or service. Procedures that add value to the end product or service are kept. Anything that does not add value is deemed waste and is eliminated.Waste Reduction & EliminationElimination of waste is the main focus of lean manufacturing. Businesses gain efficiency and, ultimately, profitability by eliminating all or as much waste as possible.Types of WasteIn the lean manufacturing model, waste can fall into one of seven categories–transportation (useless movement of goods), inventory (overstocking), waiting (parts waiting for work to be done on them or waiting to be shipped), motion (unnecessary movement of either people or machinery), overproduction (producing more than is needed), overprocessin

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