Dec 17, 2018
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.
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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
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.