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Are We Investing Wisely for Our Economic Future?0
- In the News
- September 3, 2009
Some recent data suggests that the U.S. lags in the global race to invest in production technology and research. Since this economic downturn has taken profits away it is not surprising that companies are not investing as much. Many companies are focused on reorganizing and rebalancing to a newer lower revenue. With all this excess
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Lean Accounting at Watlow Electric 0
- Lean Management, Sharing Best Practices
- September 1, 2009
Many organizations are having success implementing Lean practices but very few have accepted lean accounting. Orry Fiume, who led The Wiremold Company conversion to lean accounting in the early 1990’s before retiring, now spends time sharing the virtues of lean accounting at the Lean Enterprise Institute. Fiume shows how a standard cost-based P&L statement penalizes
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Modern Machine Shop Online & the Most Valuable Lean Resource for Success 0
- In the News, Lean Basics, Lean Resources, Sharing Best Practices
- August 28, 2009
Modern Machine Shop is a metalworking professionals’ publication that aims to improve and expand manufacturing by connecting the buyers and sellers of metalworking technology. They recently launched a Lean Manufacturing Zone. MMS Online’s newly expanded Lean Manufacturing Zone includes both articles and video profiles about machining facilities that are succeeding at lean. Other resources in
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Good Urgency vs Bad Urgency 0
- Lean Management
- August 25, 2009
The challenge for many leaders of continuous improvement is two fold. First, you must inspire the desire or enthusiasm necessary to change. Second, you must harness this energy in the right direction. To make this change real and combat complacency, the death of many an organization, leaders seek to create a sense of urgency. John
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The Eight Wastes of NPD 0
- Lean Management
- August 24, 2009
I am one of those people who believe that there is truly only one reason companies should implement Lean teachings and that is to grow your business. Many may think that there are other reasons but as Eliyahu Goldratt wrote in “The Goal”, the objective is to “make money now and in the future”. There
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Draw a Pig to Learn the Importance of Standard Work 0
- Exercises/Games, Lean Basics
- August 21, 2009
So you might ask what does standard work and drawing a pig have in common. Well, the activity of drawing a pig can be used to teach the importance of standardized work. I learned of this activity a number of years ago during a standard work seminar. It was described in the AME Target Magazine
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A Lean Journey