It is the application of the philosophy and tools of lean production to all aspects of a business - any business, whether it is manufacturing or service. The goal of lean business management is to eliminate all forms of waste within a business and between stakeholders by using a single management process. An important outcome is the improved economic well-being of key stakeholders such as employees, suppliers, customers, and investors. Lean business management results in improved cost, delivery, quality, and product or service performance, which provides opportunities to grow sales and fully utilize the people whose jobs may have been affected by process improvement activities. It is a more advanced way to conduct business.
Lean production is the philosophy and practice of eliminating waste.
Waste is an activity or output that adds cost but does not add value as perceived by the end-use customer. These same wastes exist in the delivery of services. The CLBM advocates the existence of an eighth waste, called Behavioral Waste SM , which are human behaviors that add no value and can be eliminated. A corrupted form of flow production. It is characterized by high volumes, large batches, low product variation, and long product life.