Which principle emphasizes minimizing waste in operations?

Lean Manufacturing is the principle that emphasizes minimizing waste in operations. This methodology focuses on creating more value for customers while using fewer resources, effectively streamlining processes to eliminate any activities that do not add value. The core idea of Lean is to enhance efficiency by identifying and removing waste, which can be in the form of excess inventory, unnecessary motion, waiting times, defects, or overproduction.

By implementing Lean practices, organizations can optimize their workflows, reduce costs, and ultimately improve overall productivity. This approach aligns closely with principles such as continuous improvement and respect for people, fostering an environment where employees are engaged in identifying and solving problems related to waste.

In contrast, other options focus on different aspects of operations. Six Sigma, for example, aims to improve quality by reducing variability and defects. Time Management emphasizes the effective use of time in tasks and projects but does not directly address waste reduction in the operational sense. Quality Assurance ensures that products meet certain standards but is more concerned with maintaining quality than with waste minimization.