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Allen

Norman, OK, USA

6
HELPFUL VOTES
  • 1 reviews
  • 98 ratings
  • 131 titles in library
  • 0 purchased in 2014
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  • Lean Thinking: Banish Waste and Create Wealth in Your Corporation, Revised and Updated

    • ABRIDGED (4 hrs and 46 mins)
    • By James P. Womack, Daniel T. Jones
    • Narrated By James P. Womack
    Overall
    (219)
    Performance
    (71)
    Story
    (73)

    Womack and Jones, the authors of The Machine That Changed the World and creators of the "lean enterprise" theory, take leanness to the next step with a focus on what the customer really wants, not what it is possible to get him to accept. This is the management book for the next business generation.

    Alastair Binnie says: "Aaaargh, get the book instead"
    "Content that Will Transform Your Business"
    Overall

    I have been part of supply chain management software support of a long time now and have gone through the various phases mentioned in the book. I've developed software to "optimize" the islands of production described and worked with others who would seek to "optimize" safety stocks. All because the process is broken -- we don't look at the entire value chain.

    This is a must listen (probably to be followed up with a must-read book) for those seeking to transform their business or establish a new business.

    My favorite passage is thoughts on low cost geographies and where to position fabrication facilities. The only time (according to the author) it makes sense to location production in low cost geographies? The product is overwhelmingly ruled by cost *AND* there is sufficient stability to create very accurate forecasts. Even then, you must consider exhange rate variances and political (here and abroad) variances.

    Overall, this is an excellent listen. Additional literature is available, but I haven't found any follow-up listens on audible.com.

    6 of 7 people found this review helpful

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