Lean manufacturing aims to eliminate waste in production systems. It focuses on reducing inventory, defects, overproduction, transportation, and other types of waste. The Toyota Production System is the origin of many lean principles like just-in-time production and continuous improvement. TPS principles include identifying the different types of waste (muda, muri, mura) and eliminating them through standardizing processes, visual management, and pull-based production scheduling. Implementing lean requires changes to metrics, accounting systems, and company culture to fully support its waste-elimination goals.