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Lean Thinking: Banish Waste and Create Wealth in Your Corporation, Revised and Updated
Download Ebook Lean Thinking: Banish Waste and Create Wealth in Your Corporation, Revised and Updated
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Expanded, updated, and more relevant than ever, this bestselling business classic by two internationally renowned management analysts shows how companies of any size in any industry can seize opportunities in the post-bubble economy.
Instead of constantly reinventing business models, lean thinkers go back to basics by asking what the customer really perceives as value. The next step is to line up value-creating activities for a specific product along a value stream while eliminating activities (usually the majority) that don't add value. Then the lean thinker creates a flow condition in which the design and the product advance smoothly and rapidly at the pull of the customer (rather than the push of the producer). Finally, as flow and pull are implemented, the lean thinker speeds up the cycle of improvement in pursuit of perfection. The first part of this book describes each of these concepts and makes them come alive with striking examples.
Lean Thinking clearly demonstrates that these simple ideas can breathe new life into any company in any industry in any country. But most managers need guidance on how to make the lean leap in their firm. Part II provides a step-by-step action plan, based on in-depth studies of more than fifty lean companies in a wide range of industries across the world.
Even those readers who believe they have embraced lean thinking will discover in Part III that another dramatic leap is possible by creating an extended lean enterprise for each of their product families that tightly links value-creating activities from raw materials to customer.
In Part IV, an epilogue to the original edition, the story of lean thinking is brought up-to-date with an enhanced action plan based on the experiences of a range of lean firms since the original publication of the book.
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Audible Audiobook
Listening Length: 4 hours and 52 minutes
Program Type: Audiobook
Version: Abridged
Publisher: Simon & Schuster Audio
Audible.com Release Date: August 8, 2003
Language: English, English
ASIN: B0000C8Q34
Amazon Best Sellers Rank:
Book is a bit dated. For example several of the general proposals for why don't they do x,y, or z to eliminate waste are now commonplace. That said, it is a foundational book for lean thinking and referenced so regularly even today that reading it is almost a duty; and reading it will feel like you are on duty. Caffeine may be required. The concepts remain relevant, but if you are in a service environment you will have to challenge your self to find relatable examples. If you are a hardcore Engineerish type this may be your favorite book.
After purchasing Womack’s Gemba walks I hot this book and was really torn for choice. I wanted to read them both at once! Sadly, I force myself to stop this and continue Gema Walk. If you are interested in learning more about business process and understanding the Value stream in your company and really want to make a change, buy it! Don’t waste time reading my review!
"I would strongly recommend reading "Lean Solutions" prior to this book. It does a good job explaining the lean principles as they apply to the manufacturing industry and is loaded with many real world examples. I had no idea how long it took a can of soda to hit the shelves of a particular store. The book even describes an action plan to take in order to bring in a "lean revolution". However to be honest, in my opinion if you are working in a service delivery industry as opposed to a manufacturing industry, while the principles, concepts and thinking are the same, you may get just a bit more out of "Lean Solutions". Overall a very good book, and I do recommend it with a minor caveat. This book should not be seen as a "How to be Lean" book.
Are you in management, maybe even new to management? This is a must-read. I immediately could see many of the ideas and principles in this book applying to my new position at work.
Bought the book for a job interview. Applying these methods to the creation of software architecture.very interesting approach to the problem.
Lean is a specific management technique to make an organization more efficient (and a private sector company more profitable). This book is a well written introduction to the subject. The authors, James Womack and Daniel Jones, provide lots of examples to illustrate their basic points. Thus, this is a very useful introduction to the subject, for those of us who are not experts on this matter.To start at the beginning. . . . The enemy is "Muda," a Japanese word that means "waste," in all of its manifestations. Lean is an approach to reducing Muda. Pie in the sky? Toyota is one of the pioneers in this movement, and it is now the # 1 automaker in the world--so, maybe, we ought to pay some attention to the concept. As the authors note (Page 15): ". . .Muda is everywhere." And the antidote to muda is lean.The Introduction itself does a nice job of laying out the key concepts of Lean. Then, each part of the book builds on that foundation. Key points: (1) Value. Value is defined by the ultimate customer. The problem? Corporations and other organizations often think that they know best and do not really understand what the end user wishes as value. As the authors note (Page 19): "Lean thinking therefore must start with a conscious attempt to precisely define value in terms of specific products with specific capabilities offered at specific prices through as dialogue with specific customers." (2) The Value Stream. This is the actions needed to bring (Page 19) ". . .a specific product (whether a good or a service. . .) through the three critical management tasks of any business." (3) Flow. Outline the step-by-step process by which goods and services are delivered and identify muda, so that waste can be reduced/eliminated. (4) Pull. Develop a process such that customers pull the product from the source/supplier. (5) Perfection. Keep working on improving the product/output, by incremental changes leading to further reduction of muda.Examples abound. Think of the miserable experience these days of flying from place to another. Muda is everywhere (see the discussion on pages 32-35).Part I lays out the lean principles in much more detail (Value through Perfection, steps 1 through 5 already summarized). Part II explores lean in more detail (including comparing lean versus the German approach). And so on.Want to know about lean? This is a pretty good introduction, as far as I can tell, for a lay audience. I'm not an expert, but I think that I have learned quite a bit of value from reading this work.
Excellent book. Must read if you are a lean purist.
This is a good example on the application of lean philosophy, so far I enjoyed listening to this audio-book.
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