Business Jargon Lean In
From the days when manufacturing dominated the economy to the growth of knowledge based companies of the noughties business jargon has reflected the times.
Business jargon lean in. In fact this term existed before facebook coo sheryl sandberg started using lean in to encourage women to embrace challenge and risk in the workplace. If the following benefits sound like something you d like for your business you need to use lean manufacturing principles. Part of the general trend to rejuvenate a buzzword in this case lean by simply adding another version number to it internet 2 0 industry 4 0 web 2 0.
Understanding the potentially confusing jargon of lean can unlock a new deeper understanding of the work we do here at clarity. Relies on many lean tools such as continuous flow heijunka kanban standardized work and takt time. As flashy and fun as the terms selfie and binge watch are it s important to keep in mind another more business casual buzzword of the 2010s.
80 waste reduction 50 lower production costs 80 90 reduction in standing inventory 90 lower cost of quality it s 90 cheaper to make quality products 50 increased labor productivity lean is a system method school of thought and even a way of life all focused. While lean has been around for decades it is still in my view the best approach to organize and improve manufacturing and related systems. It s also a great opportunity to refresh your understanding if it s been a while since you ve brushed up on your knowledge.
1996 2008 simpler business system 11 0 simpler consulting inc 1996 2008 all rights reserved for the express use of simpler members and simpler clients. Kaizen continuous improvement a strategy where employees work together proactively to achieve regular incremental improvements in the manufacturing process.