— 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…
You might be interested
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— 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…
You might be interested
... 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.
Failure Demand is a systemic problem. Organizations can be off the charts busy but be drowning in non-value-added rework. Find out more about what failure demand means in a Lean environment.