What is Lean Management and Continuous Improvement?

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In episode 117 of Financially Simple, Justin gives an overview of what Lean Management is and how it applies to both Manufacturing and Service Businesses.

Lean Management and Continuous Improvement can be thought of as the structure of a Business, with foundations, supporting levels and columns of processes and principles that hold up the success fundamentals of the Business. Justin goes over the different levels of this Lean structure, explaining how each matters in your Business.

TIME INDEX:

00:21 - What is Lean Management and Continuous Improvement?

01:40 - Lean in Manufacturing

03:28 - Lean in Services

03:39 - The Structure of Lean

04:50 - The Foundations

06:32 - Mange by Fact

07:32 - Workplace Organisation and Visual Management

08:22 - Standardised and Stable Processes

09:58 - The Three Pillars

10:15 - Delivery

12:04 - Environmental

13:17 - Quality

15:15 - People and Teamwork

15:31 - Sustainable Continuous Improvement

15:52 - High Engagement

16:06 - Summary

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DISCLAIMER:

Neither Financially Simple, LLC nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to seek advice from qualified tax and/or legal experts regarding the best options for your particular circumstances. Justin Goodbread, CEO of Heritage Investors, LLC, a Registered Investment Advisor, is an Investment Advisor Representative who offers advisory services through Heritage Investors. The information contained within the podcast is for informational purposes only and not considered investment advice. Seek help from a competent Financial Advisor.

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