The comparison between Lean and Asset Management, are .

The philosophical alignment betweenLean ThinkingandAsset Managementis grounded in their mutual emphasis onpurpose, process, and people.

Purpose: Both aim to achieve strategic goals and deliver value.

Process: They emphasize efficient, repeatable, value-driven processes.

People: Success in both depends on cultural engagement and workforce empowerment.

This concept is reinforced in IAM guidance where asset management is described as a holistic discipline that integrates strategy, execution, and people involvement.

Exact Extract from IAM – Asset Management: An Anatomy (v4), Section 5.2 – Organisational Context and Culture:

“Asset management is not only about systems and procedures but requires the active engagement of people at all levels. It shares with Lean a focus on aligning Purpose, Process, and People.”