Simply put, lean is the practice of creating more value with fewer resources. The concept is inspired by the Japanese management theory from Toyota, where lean concepts are designed to improve and ...

What does car manufacturer Toyota and Lucile Packard Children’s Hospital at Stanford University have in common? More than you might think. Hospitalists at the Palo Alto, Calif.-based children’s ...

Implementing Lean principles on the shop floor requires a thorough review of all production processes to eliminate any nonvalue-adding steps or services. According to the originators of Lean ...

Lean, a quality improvement philosophy, can be applied successfully in healthcare to improve efficiency and quality, according to a report in Mayo Clinic Proceedings. The report was written by John ...

Lean manufacturing is a principle or philosophy that many businesses follow in order to create efficiency and maximize profit. In lean manufacturing, all of the efforts of the company are directed ...

This course presents a brief history of Lean and an introduction to Lean concepts, such as the 5 Lean principles, defining value-added activities, the “8 forms of waste” and a Kaizen simulation. “The ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

However, lean’s many benefits extend well beyond the assembly line. And, as a new book argues, its qualitative approach to enterprise improvement has never been more relevant. What a Unicorn Knows, by ...

There are numerous names, titles, certificates and facilitation types for lean. But the benefits, process and potential outcomes are the same. “Leaning” any work environment is meant to improve ...

Opinions expressed by Entrepreneur contributors are their own. If you’ve recently launched a startup, I’m sure that you’ve heard a lot about being “lean.” But I’m not here to discuss the methodology ...

While Lean principles have been known and applied in a variety of manufacturing processes, the applications in product development have been slower to come. Several companies have also applied Lean to ...