Presentation slides from the joint The Lean Aerospace Initiative [the broken link was removed] and LEAN joint meeting (October 16-18, 2006) are available [the broken link was removed – the links that relied on MIT to retain historical information using technology over the long term failed. It is sad MIT doesn’t understand how to manage information using technology more effectively. They really should learn how to do the extremely basic tasks of combining technology and management if they expect to be respected in that field it seems to me. It is embarrassing they are doing so poorly now.]. From Jim Womack‘s slide:
Lean = Purpose + Process + People
Purpose = solving customer problem while provider prospers.
Process = 3 primary value streams and many support processes, some involving customers.
People = engaging everyone touching every value stream to operate and improve it steadily (kaizen)
and dramatically (kaikaku)