What does LEAN MANUFACTURING stand for?

What does LEAN MANUFACTURING mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: LEAN MANUFACTURING.

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What does LEAN MANUFACTURING mean?

Lean manufacturing
Lean manufacturing, lean enterprise, or lean production, often simply, "Lean", is a production practice that considers the expenditure of resources for any goal other than the creation of value for the end customer to be wasteful, and thus a target for elimination. Working from the perspective of the customer who consumes a product or service, "value" is defined as any action or process that a customer would be willing to pay for. Essentially, lean is centered on preserving value with less work. Lean manufacturing is a management philosophy derived mostly from the Toyota Production System and identified as "Lean" only in the 1990s. TPS is renowned for its focus on reduction of the original Toyota seven wastes to improve overall customer value, but there are varying perspectives on how this is best achieved. The steady growth of Toyota, from a small company to the world's largest automaker, has focused attention on how it has achieved this success.

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"LEAN MANUFACTURING." Abbreviations.com. STANDS4 LLC, 2014. Web. 19 Dec. 2014. <http://www.abbreviations.com/LEAN%20MANUFACTURING>.


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