— Relative worth, merit, or importance
— Monetary or material worth, as in commerce or trade
Learn more about what value means in a Lean environment by clicking the link below…
![]() ![]() |
— Relative worth, merit, or importance
— Monetary or material worth, as in commerce or trade
Learn more about what value means in a Lean environment by clicking the link below…
Also check out...
Measuring Takt time and adjusting output will allow you to: improve workflow, efficiency, and quality, understand capacity, standardize processes, and eliminate waste that can result from overproduction.
Read more... also known as Muda. Muda is a Japanese word meaning futility, uselessness, or wastefulness. A focus of the Toyota Production System (TPS) and later Lean process improvement, it refers to one of the three types of deviation from optimal allocation of resources: “Muda, Mura, Muri” (Waste, Unevenness, Overburden). Waste is any process that doesn’t add value to the end user.