Abstract
Abstract: Nowadays, every organization must be required to determine its strength and weaknesses to enlarge productivity and output of their operations. The concept of lean production system has been acknowledged as a means to increase competitiveness for manufacturing concerns all over the world. The present paper has been planned to analyze the concept of Lean Production and its benefits for manufacturing industries. On the basis of the content analysis, the study found that lean manufacturing is gaining popularity day by day among manufacturing industries due to its potential of increasing operational performance. This is done with the help of its set of tools and principles which are used in the systematic elimination of seven wastes, namely, overproduction; waiting; scrap; conveyance; processing; inventory; and motion. Elimination of wastes enable manufacturer to produce the product with superior quality, lower cost and on time with lesser efforts. Keywords: Lean Production, Benefits, Tools and Techniques, Principles
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