Lean Production is a management philosophy focused on minimizing waste while maximizing productivity. It emphasizes creating value for customers by streamlining processes, reducing excess inventory, and improving efficiency. By identifying and eliminating non-value-added activities, organizations can enhance their overall performance. The approach originated from the Toyota Production System, which revolutionized manufacturing in the mid-20th century. Key principles include continuous improvement, respect for people, and just-in-time production. These principles help companies respond quickly to customer demands while maintaining high-quality standards and reducing costs.