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

3.94 avg rating
( 3,583 ratings by Goodreads )
 
9780743249270: Lean Thinking: Banish Waste and Create Wealth in Your Corporation, Revised and Updated

The authors begin by summarizing the five inherent principles in any lean system:

  1. Correctly specify value so you are providing what the customer actually wants
  2. Identify the value stream for each product family and remove the wasted steps that don't create value but do create muda (waste)
  3. Make the remaining value-creating steps flow continuously to drastically shorten throughput times
  4. Allow the customer to pull value from your rapid-response value streams as needed (rather than pushing products toward the customer on the basis of forecasts)
  5. Never relax until you reach perfection, which is the delivery of pure value instantaneously with zero muda. (The first part of Lean Thinking devotes a chapter to each of these principles.)

In the second part, the authors describe in detail how managers in a wide range of companies and industries - small, medium and large, North American, European, and Japanese - transformed their business by applying the principlesof lean thinking. Chapters are devoted to Pratt & Whitney, Wiremold and Lantech in North America, Porsche in Germany, and Showa Manufacturing in Japan.

Based on these cases and many others as well, the authors summarize in the last part of Lean Thinking the necessary steps in the necessary sequence to apply lean thinking successfully in your business. They pay special attention to the need to map product-family value streams at the outset in order to identify the most important areas for improvement and to avoid wasted effort on activities that may be technically challenging but which are of little importance to your business.

Lean Thinking has sold more than 300,000 copies in the English language hardcover version alone because it's an indispensable companion for every manager making the lean journey.

"synopsis" may belong to another edition of this title.

Review:

In the revised and updated edition of Lean Thinking: Banish Waste and Create Wealth in Your Corporation, authors James P. Womack and Daniel T. Jones provide a thoughtful expansion upon their value-based business system based on the Toyota model. Along the way they update their action plan in light of new research and the increasing globalization of manufacturing, and they revisit some of their key case studies (most of which still derive, however, from the automotive, aerospace, and other manufacturing industries).

The core of the lean model remains the same in the new edition. All businesses must define the "value" that they produce as the product that best suits customer needs. The leaders must then identify and clarify the "value stream," the nexus of actions to bring the product through problems solving, information management, and physical transformation tasks. Next, "lean enterprise" lines up suppliers with this value stream. "Flow" traces the product across departments. "Pull" then activates the flow as the business re-orients towards the pull of the customer's needs. Finally, with the company reengineered towards its core value in a flow process, the business re-orients towards "perfection," rooting out all the remaining muda (Japanese for "waste") in the system.

Despite the authors' claims to "actionable principles for creating lasting value in any business during any business conditions," the lean model is not demonstrated with broad applications in the service or retail industries. But those manager's whose needs resonate with those described in the Lean Thinking case studies will find a host of practical guidelines for streamlining their processes and achieving manufacturing efficiencies. --Patrick O'Kelley

About the Author:

James P. Womack is the president and founder of the Lean Enterprise Institute (www.lean.org), a nonprofit education and research organization based in Brookline, Massachusetts.

Daniel T. Jones is the chairman and founder of the Lean Enterprise Academy (www.leanuk.org), a nonprofit education and research organization based in the UK.

"About this title" may belong to another edition of this title.

Top Search Results from the AbeBooks Marketplace

1.

James P. Womack and Daniel T. Jones
ISBN 10: 0743249275 ISBN 13: 9780743249270
New Quantity Available: 1
Seller
Castle Rock
(Pittsford, NY, U.S.A.)
Rating
[?]

Book Description Book Condition: Brand New. Book Condition: Brand New. Bookseller Inventory # 97807432492701.0

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 14.80
Convert Currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, Rates & Speeds

2.

Womack, James P.; Jones, Daniel T.
Published by Productivity Press
ISBN 10: 0743249275 ISBN 13: 9780743249270
New Hardcover Quantity Available: > 20
Seller
Mediaoutlet12345
(Springfield, VA, U.S.A.)
Rating
[?]

Book Description Productivity Press. Hardcover. Book Condition: New. 0743249275 *BRAND NEW* Ships Same Day or Next!. Bookseller Inventory # NATARAJB1FI755994

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 15.69
Convert Currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, Rates & Speeds

3.

Womack, James P.
ISBN 10: 0743249275 ISBN 13: 9780743249270
New Quantity Available: > 20
Seller
Paperbackshop-US
(Wood Dale, IL, U.S.A.)
Rating
[?]

Book Description 2003. HRD. Book Condition: New. New Book. Shipped from US within 10 to 14 business days. Established seller since 2000. Bookseller Inventory # VS-9780743249270

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 17.50
Convert Currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, Rates & Speeds

4.

James P. Womack
ISBN 10: 0743249275 ISBN 13: 9780743249270
New Hardcover Quantity Available: 1
Seller
LVeritas
(Newton, MA, U.S.A.)
Rating
[?]

Book Description Hardcover. Book Condition: New. Gift Quality Book in Excellent Condition. Bookseller Inventory # 36SEQU000SLK

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 18.05
Convert Currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, Rates & Speeds

5.

Womack, James P.
ISBN 10: 0743249275 ISBN 13: 9780743249270
New Quantity Available: > 20
Seller
Pbshop
(Wood Dale, IL, U.S.A.)
Rating
[?]

Book Description 2003. HRD. Book Condition: New. New Book.Shipped from US within 10 to 14 business days. Established seller since 2000. Bookseller Inventory # IB-9780743249270

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 18.87
Convert Currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, Rates & Speeds

6.

WOMACK
Published by Simon and Schuster
ISBN 10: 0743249275 ISBN 13: 9780743249270
New Quantity Available: > 20
Seller
INDOO
(Avenel, NJ, U.S.A.)
Rating
[?]

Book Description Simon and Schuster. Book Condition: New. Brand New. Bookseller Inventory # 0743249275

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 19.58
Convert Currency

Add to Basket

Shipping: US$ 3.50
Within U.S.A.
Destination, Rates & Speeds

7.

Womack, James P.
ISBN 10: 0743249275 ISBN 13: 9780743249270
New Hardcover Quantity Available: > 20
Seller
BargainBookStores
(Grand Rapids, MI, U.S.A.)
Rating
[?]

Book Description Hardcover. Book Condition: New. Bookseller Inventory # 856761

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 19.77
Convert Currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, Rates & Speeds

8.

James P. Womack; Daniel T. Jones
Published by Productivity Press (2003)
ISBN 10: 0743249275 ISBN 13: 9780743249270
New Hardcover Quantity Available: 1
Seller
Irish Booksellers
(Rumford, ME, U.S.A.)
Rating
[?]

Book Description Productivity Press, 2003. Hardcover. Book Condition: New. book. Bookseller Inventory # M0743249275

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 24.13
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds

9.

Womack, James P./ Jones, Daniel T.
ISBN 10: 0743249275 ISBN 13: 9780743249270
New Hardcover Quantity Available: 3
Seller
VNHM SHOP
(Pompano Beach, FL, U.S.A.)
Rating
[?]

Book Description Hardcover. Book Condition: New. Expanded, updated, and more relevant than ever, this bestselling business classic by two internationally renowned management analysts describes a business system for the twenty-first century.Expanded, updated, and more relevant than ever, this bestselling business classic by two internationally renowned management analysts describes a business system for the twenty-first century that supersedes the mass production system of Ford, the financial control system of Sloan, and the strategic system of Welch and GE. It is based on the Toyota (lean) model, which combines operational excellence with value-based strategies to produce steady growth through a wide range of economic conditions.In contrast with the crash-and-burn performance of companies trumpeted by business gurus in the 1990s, the firms profiled inLean Thinking -- from tiny Lantech to midsized Wiremold to niche producer Porsche to gigantic Pratt & Whitney -- have kept on keeping on, largely unnoticed, along a steady upward path through the market turbulence and crushed dreams of the early twenty-first century. Meanwhile, the leader in lean thinking -- Toyota -- has set its sights on leadership of the global motor vehicle industry in this decade.Instead of constantly reinventing business models, lean thinkers go back to basics by asking what the customer really perceives asvalue. (It's often not at all what existing organizations and assets would suggest.) The next step is to line up value-creating activities for a specific product along avalue stream while eliminating activities (usually the majority) that don't add value. Then the lean thinker creates aflow condition in which the design and the product advance smoothly and rapidly at thepull 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 ofperfection. 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 ofLean Thinking.Lean Thinking does not provide a new management "program" for the one-minute manager. Instead, it offers a new method of thinking, of being, and, above all, of doing for the serious long-term manager -- a method that is changing the world. Bookseller Inventory # 3199911

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 24.46
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds

10.

James P. Womack
Published by Productivity Press (2003)
ISBN 10: 0743249275 ISBN 13: 9780743249270
New Hardcover Quantity Available: > 20
Seller
Murray Media
(North Miami Beach, FL, U.S.A.)
Rating
[?]

Book Description Productivity Press, 2003. Hardcover. Book Condition: New. Never used!. Bookseller Inventory # 0743249275

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 23.16
Convert Currency

Add to Basket

Shipping: US$ 1.99
Within U.S.A.
Destination, Rates & Speeds

There are more copies of this book

View all search results for this book