What Is Lean?
Understand how the Lean methodology fits into the supply chain
Lean methodology is a type of supply chain methodology focused on driving out waste in processes to improve business efficiency and maximizing value to the customer. It works to minimize inventory volumes without compromising service quality. The lean model strives to meet customer needs with as much precision and as little inventory as possible. Excess inventory can be considered a form of business waste that ties up capital and consumes organizational resources that are better deployed elsewhere.