Agile: Maximizing Value and Minimizing Waste

This Agile AudioCast is brought to you by: 
“Agile” Al Smith, Jr. from AgiLean.ai

Maximizing Value and Minimizing Waste

Thinking Lean Centers on 5 Basic Principles:
First, you must identify value from the standpoint of the end customer.

Second, identify the sequence of steps in the value stream for each product and eliminate steps that do not create value.

Third, you isolate and tighten each value-creating step that occurs in the sequence to achieve a continuously smooth flow of product toward the customer.

Fourth, you develop a pull system to allow customers to pull value from upstream activity.

Lastly, you must continuously strive to improve the process by actively removing waste and defects until perfect value is created with no waste, and perfection is achieved.

The purpose of Lean is to create more value for customers with fewer resources. Every action one takes during a process should be focused on maximizing customer value while minimizing waste.

Providing a perfect stream of value to the customer through the creation of processes that have zero waste is the ultimate goal. Organizations that strive to understand the needs of their customers and that focus on continuously increasing value to them are the epitome of a Lean organization.

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