lean-management

Vocabulary Word

Definition

'Lean management' is a philosophy or method of managing a business with the aim of creating more value for customers with fewer resources. It involves cutting out waste and improving efficiency.

Examples in Different Contexts

In operational excellence, 'lean management' focuses on continuous improvement and respect for people to enhance business processes. An operations manager might discuss, 'Lean management principles are the cornerstone of our operational strategy, aiming for waste reduction and increased productivity.'

Practice Scenarios

Business

Scenario:

We seem to be struggling with inefficiencies in our process. There must be ways to create more value with the resources we already have.

Response:

I believe implementing lean management principles could significantly cut down our waste and boost efficiency.

Tech

Scenario:

We're wasting precious development time on unnecessary processes. This has started to delay our software delivery.

Response:

Adopting lean management could help us eliminate unnecessary steps in our software development process.