There are questions every business needs to be asking when it comes to the longevity of its operations. Finances, people, future growth—we need to have
10 Benefits of Lean Management
You’ve probably heard of lean management. But are you aware of just how much implementing it can benefit your company? Perhaps not. But we’re about to change that.
Here’s why you should integrate lean management into your business.
The 10 Benefits of Lean Management
- Improved Quality Control
- Reduced Waste
- Boost Team Morale
- Enhanced Efficiency
- Better Stakeholder Visibility
- Predictable Customer Value
- Decreased Costs
- Improved Priority Shift Management
- Increased Process Stability
- Adopt an Improvement Culture
Improved Quality Control
Quality control goes hand-in-hand with productivity. You can’t really change one without the other. Lean management systems help your organisation to realise that quality control should be one of your top priorities. Upon implementation, you will undoubtedly reach a stage where our second point (reduced waste) naturally happens.
Many businesses struggle with exorbitant waste. However, the more problematic companies don’t realise they have this issue. This mindset is harmful but with lean management, waste is considered by employees on every level. Your company will see waste reduction almost immediately.
Boost Team Morale
There’s no doubt about; businesses working under lean management have higher employee satisfaction rates. The reason for this is the improved trust and communication lines between management and staff that open under this system. Not only does better team morale benefit the individuals, but it’s also known to increase productivity across the board.
Arguably, improved efficiency is one of the more noticeable effects of lean management. You’ll see this improvement in different ways depending on the method you use to measure progress and success.
Better Stakeholder Visibility
Stakeholders like to clearly see how a project is going, as well as any associated risks. With lean management, communication and reporting are improved, thus allowing stakeholders a better view of the project.
Predictable Customer Value
Lean management focuses on the customer’s opinion first and foremost. Over time, clients will come to know the high-quality outcomes they can expect when working with you. This is essential for ensuring consistent satisfaction and building a strong, positive reputation.
By cutting production throughput, decreasing inventories, and eliminating unnecessary waste, your organisation’s costs will drastically decrease. By how much? This system has been known to cut manufacturing costs by up to half.
Improved Priority Shift Management
Just like life, legislation and customer viewpoints change all the time. To keep up with this continuous adaptation, your business must shift its priorities. Otherwise, you’ll be working toward worn-out ideas that will not only decrease customer satisfaction but also increase your costs.
Increased Process Stability
Under lean management, your business can begin to focus more on deviation management and exploring solutions to remove them. When you first start working this way, it might feel counter-productive. However, it’s worth implementing a deviation management process in the first phase to use lean to its full advantage.
Adopt an Improvement Culture
Overall, lean management allows your company to focus on continuous improvement instead of maintenance. This new way of working means that your employees will always be looking for ways to better themselves for the team — yes, every day. You’ll see an overwhelming advancement in all aspects of your business over time.
As a business, you know the value of good people within your business. You’ve invested a lot of time and energy into the team you