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Lean Thinking: Banish Waste and Create Wealth in Your Corporation, Revised and Updated

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Lean Thinking: Banish Waste and Create Wealth in Your Corporation, Revised and Updated

by James P Womack, Daniel T Jones

About this title: Revised, updated, and more relevant than ever, the bestselling business classic by two internationally renowned management theorists shows how companies of all sizes can become the most efficient organizations possible. 20 charts.

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Lean Thinking Banish Waste and Create Wealth in Your Corporation, Revised and Updated

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Edition: 2 REV UPD Binding: Hardback Publisher: Simon & Schuster Date Published: 2003 ISBN-13: 9780743249270 ISBN: 0743249275

Description: New. Revised, updated, and more relevant than ever, the bestselling business classic by two internationally renowned management theorists shows how companies of all sizes can become the most efficient organizations possible. 20 charts. read more

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Lean Thinking: Banish Waste and Create Wealth in Your Corporation, Revised and Updated

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Reviews of {0} by {1}
goodreads rating 4 out of 5 4 out of 5
Oct 28, 2009
By Paul, Davis, CA

"Excellent follow up to The Machine that Change the World."

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goodreads rating 4 out of 5 4 out of 5
Aug 9, 2009
By Steven, Hershey, PA

"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."

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goodreads rating 4 out of 5 4 out of 5
Jan 26, 2009
By Schmeather, Traverse City, MI

"I am really getting into Lean Office/Manufacturing in my new job and love it!!"

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goodreads rating 3 out of 5 3 out of 5
Jan 23, 2009
By Dave, Cambridge, MA

"a little dry, but teaches the basics"

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Overall customer rating:
3.4 out of 5 3.4 out of 5
9 of 11 (82%) customers said they would recommend this book to a friend.

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