Lean Business Model Practices

It is implied in the article that by simply following the five basic lean principles and techniques , the process of improvement also takes place (Cook ,

. 2 3 . Here , he enumerated the process as follows (1 ) recognize what values the internal and external customers internal customers refer to employees or members of an organization while external customers include buyers and other people outside of the company (2 ) focus on flow of value which refers to the process improvement effort by an organization and that includes cost , quality and on-time delivery (3 ) identify

which among the seven wastes is committed by the company (4 ) value stream mapping (5 ) develop people and partners into teams with commitment to the success of the company

The process of implementation is very simple to follow as it involves evaluation of the strength and weakness of the company and assessment of future actions to take in to assimilate the change into the system . In addition , integrating lean principle in to the business system does not necessarily begin with major project or program rather it can be useful in improving employees ' work habits or customer service

Benefits

Lean practically has a lot of benefits considering the reduction of wastes in the business processes including the manufacturing process Figuring out the right strategies towards elimination of these wastes in their workflow guarantees increases in income or sales in general . Matt Henkes pointed out some of the benefits of lean business thinking when applied to an organization . First , it helps eliminates wastes or non-value-added , which refer to product or service that does not have any value to the company or customers . Second , the lean principle provides the company the right perspective of what values the customers because what values the customers will dictate what the company must produce . Third...