THE INTEGRATION OF LEAN, GREEN AND SUSTAINABLE BUSINESS PRACTICES: FROM LITERATURE REVIEW TO THE DEVELOPMENT MODEL

The lean approach is based on more efficient use of resources and eliminating all kinds of waste that do not add value for customers. Lean manufacturing is considered a necessary strategy for generating financial performance and sustainable finance. There are positive links between lean and green paradigms, so the connection has strength in business communities, industry and academia. One of the main aims of this paper is to explore and highlight lean and green synergies and sustainable practices. In addition, this approach is a catalyst for total waste reduction, so the interdisciplinary aspects of sustainable production and consumption are attracting increasing interest. The research describes public policy and institutional conditions for the establishment and development of an integrated waste management system in the Republic of Serbia until 2031. Special attention is to the models which propose the integration the green-lean solutions and the circular economy concept. Through the principle of continuous improvement business entities can enhance the environmental and resource performance aspects.