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 ...

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 ...

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 ...

Today, in the world of manufacturing and services, lean principles are applied to optimize nearly all large organizations. Until recently, information technology was a major exception. Why isn't ...

If you’ve heard some buzz about Lean tools and principles, you’re not alone. Lean tools got their start in America as early as the 1900s, when Henry Ford used Lean methodology to create the Model T ...

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 ...

In today's business landscape, lean principles have become essential to achieving efficient and effective operations management. With a foundation built on reducing waste and fostering continuous ...