In order to understand the opportunities for extending the lean philosophy across the entire enterprise, it is important to understand the guiding principles of lean and the elements that comprise a truly lean initiative. At its most basic, lean is a focus on greater operational efficiency, the elimination of waste throughout the organization, and continuous improvement.
Some of the benefits include:
- Reduced lead times
- Improved delivery performance
- Increased sales revenue
- Lower operating costs and Increased profits
- Improved customer satisfaction and supplier relations
- Increased inventory turns and a drastic reduction in inventory
- Better employee morale and Increased employee retention
- Improved quality
- Creation of additional working capital for new projects
- Reduced physical space requirement
The process of satisfying the goals of efficiency, waste reduction and continuous improvement, however, can be a daunting task as it completely changes the way most organizations think about their business practices. And with all of the information that has been produced in recent years on the subject of lean, there are also a seemingly endless number of recommendations for how to achieve lean.
The basic concept surrounding the lean philosophy is to be able to do more with less. This means processing fewer transactions and with fewer resources, (including people, machine, material, energy, etc.), and only those that are essential to satisfying a customer order.
Join us this month as we uncap Lean Tools and Processes for business efficiency with Marang Marekimane.
Marang Marekimane is the founder of Business Process Mechanics.
To say Marekimane is passionate about entrepreneurship is an understatement. She’s a problem solver and has earned the name “MacGyver” among her friends because she’s a solution-oriented person.
She’ll also open up about what drove her to leave the financial services industry – an area she has been in for over a decade – to establish her own company Business Process Mechanics which assists entrepreneurs to buy back their time and sanity by automating their business processes.