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Lean Thinking: Banish Waste and Create Wealth in Your Corporation » (Abridged)

Book cover image of Lean Thinking: Banish Waste and Create Wealth in Your Corporation by James P. Womack

Authors: James P. Womack, Daniel T. Jones, James P. Womack (Narrated by), Daniel T. Jones
ISBN-13: 9780743549400, ISBN-10: 0743549406
Format: MP3 Book
Publisher: Simon & Schuster Audio
Date Published: August 2004
Edition: Abridged

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Author Biography: James P. Womack

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.

Book Synopsis

Expanded, updated, and more relevant than ever, the bestselling business classic by two internationally renowned management theorists shows how companies of any size in any industry can seize opportunities in the post-bubble economy.

Lean Thinking begins by helping listeners to identify value, asking, "What does the customer really want?" instead of "What can we try to convince the customer to accept?" Lean thinkers then identify the value stream -- every step required to move a specific good or service from initial concept into the hands of the customer -- for each product and ask if each step really creates value. Those that don't -- the great majority -- are then removed, and the remaining steps are conducted in continuous flow at the pull of the customer, as the firm manages toward perfection. As a consequence, lead times, costs of all sorts, and defects shrink, while responsiveness to customer needs and selling prices increase.

In an...

Publishers Weekly

There's a missionary zeal to this book for corporate managers: it wants to convert companies the world over to the streamlined production process pioneered by Toyota after WWII.

Womack and Jones chronicled Toyota's concept of lean production in The Machine That Changed the World, and embarked in 1990 on a tour of North America, Europe and Japan to persuade organizations, managers, employers and investors that mass production was out of date and should be chucked for something better. They formed a network of companies and individuals dedicated to lean production. Network members, whose stories form the basis of the book, gather annually to update procedures and refine theory. Showa Manufacturing, a Japanese maker of radiators and boilers, for instance, pulled itself out of an earnings slump by changing from mass-producing batches of standardized equipment to producing customized small lots.

Heavily laden with details, this is for specialists who want to streamline. It makes few references to the larger, global economy.

Table of Contents

Preface to the 2003 Edition5
Preface to the First Edition: From Lean Production to Lean Enterprise9
Pt. ILean Principles
Introduction: Lean Thinking versus Muda15
1Value29
2The Value Stream37
3Flow50
4Pull67
5Perfection90
Pt. IIFrom Thinking to Action: The Lean Leap
6The Simple Case102
7A Harder Case125
8The Acid Test151
9Lean Thinking versus German Technik189
10Mighty Toyota; Tiny Showa219
11An Action Plan247
Pt. IIILean Enterprise
12A Channel for the Stream; a Valley for the Channel275
13Dreaming About Perfection286
Pt. IVEpilogue
14The Steady Advance of Lean Thinking299
15Institutionalizing the Revolution313
Afterword: The Lean Network338
App.: Individuals and Organizations Who Helped341
Glossary347
Notes355
Bibliography377
Index379

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