Lean Manufacturing

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Lean manufacturing, or lean production, is a production method derived from Toyota's 1930 operating model "The Toyota Way" (Toyota Production System, TPS). The term "Lean" was coined in 1988 by John Krafcik, and defined in 1996 by James Womack and Daniel Jones to consist of five key principles; 'Precisely specify value by specific product, identify the value stream for each product, make value flow without interruptions, let customer pull value from the producer, and pursue perfection.

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