Lean business practices are rooted in six fundamental principles that aim to maximize customer value while minimizing waste. The first principle, "Value," focuses on understanding what customers truly value to deliver products or services efficiently. "Value Stream" mapping identifies all steps in a process to eliminate those that don't add value. "Flow" ensures smooth movement of products or services through the value stream. "Pull" means producing based on customer demand, reducing overproduction. "Perfection" is a continuous process of improvement, eliminating waste and inefficiency. Finally, "Respect for People" emphasizes empowering employees to contribute ideas and improve processes, recognizing their value in achieving lean objectives. These principles guide businesses in streamlining operations, reducing costs, and improving overall efficiency and customer satisfaction.
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