LEAN

People often consider Lean as making money. Well, every business aims to generate revenue. The purpose of Lean, as we will see in the case of entrepreneurs, is to ensure that values are supplied to the customer. This is through products designed to cater to the needs of the customers.

This waste management thinking has helped a lot of businesses shape their visions in creating substantial products with value-filled services and not just producing to make money. Of course, income will flow in as a result of massive sales. It is a beneficial situation both for the manufacturer and the customer. The customer enjoys the product; the manufacturer receives his pay.

• The Toyota production system
• Total quality management
• Advantages and benefits
• Understand the principles of lean
• Kaizen
• Types of Kanban systems
• Six sigma
• Kanban

...And much more

Lean Thinking helps you have real-time experience with the customers, and you can build the product in line with their taste and expectations. You cannot always be in the same position. "No Growth" is terrible for business. Big enterprises, including startup businesses, are sure to have ups and downs at one point in time. There will be discouragement, break in production, and other hazards surround the business world. So, to thrive, get ready for the bad times.

When a situation goes south, one of the most effective ways to quickly overcome it is by overturning it into an opportunity. Consider the critical Lean formula on facing uncertainties: "chaos + speed + pivots = success."