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Lean Manufacturing
Lean manufacturing basically means “doing more with less” by employing “lean thinking”. Lean manufacturing is a never ending effort to eliminate waste. Waste in this context means any activity that consumes resources without adding value in design, manufacturing, distribution, and customer service processes. A simple definition of Lean is “cycle time reduction through waste elimination”.

Line Balancing
A process in which work elements are evenly distributed within a value stream to meet Takt time.