Lean is perfect for a young startup

Established businesses tend to have the capital to make mistakes, such as running inefficient factories or utilizing supply chains with needless movement. While these companies can become more productive and profitable by leveraging Lean, they also have the resources available to make these mistakes.

For young startups, however, Lean is particularly vital. Lean revolves around the concept of waste elimination, and in new businesses, resources are frequently tight, which makes the elimination of wasteful processes that don't create value even more important. Additionally, Lean manufacturing also encourages companies to only use resources they need, rather than stockpiling them.

“The system focuses on strategically placing small stockpiles of inventory, rather than storing a full stock in a centralized warehouse and also has quality control checkpoints to identify mistakes or imperfections during assembly as early as possible,” the Daily Business Post adds.

In a difficult economy where resources and capital are difficult to come by, businesses need to do whatever they can to make ends meet. Many times, Lean processes can help them do just that.