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Lean manufacturing is a performance-based strategy for maximizing customer value by elimination of waste, while improving profitable growth of the organization.
The future of manufacturing is... Lean
Nineteenth century was the period of craft production; twentieth century will be remembered for mass production and twenty-first century will be the era of Lean Production. The survival and growth of organizations will depend on critical success factors; "how less waste is generated in your processes, how fast you can deliver the products and services to your customers, up to what extent your offerings are able to meet the customer purpose without any hassle?' For the lean manufacturers, waste is the sole enemy. It is viewed as a roadblock to customer satisfaction and company's profitable growth. The goal of lean is "to create value for the customer and wealth for the organization by elimination of waste".
