Today where every organization is striving towards continual improvement, organizations have to eliminate waste at every single step.
However, it is very challenging to identify waste and to apply a systematic framework of LEAN for the same. In order to achieve excellence through a systematic process of improvement, organizations have to reduce the waste in their operations. This will result in increased productivity, and lessen inventory to save money and increase their bottom line.
Please find excerpt from an interesting article, which talks about ‘5 Ways of Lean Product Development drives Manufacturing Improvement’
You may refer to further details here.