Emiliani et al have written a very readable, easy to understand and thorough case study of the West Hartford, CT based (at that time) privately held, Wiremold Companies lean transformation.
In 1991, the formerly successfull but now declining wire management products producer began a lean transformation which changed Wiremold into an acquisition machine that by 1999 was generating ten times the operating profit and eleven times the net profit of pre lean operations. During this period, Wiremold boasted a 23.2% compound annual growth rate.
The real benefit of reading this book are the comments by the management team explaining in their own words the reasoning behind each step in the lean transformation process.
The book includes:
1. An analysis of strategic models leading to the selection of the lean management model.
2. A financial strengths and weaknesses analysis leading to the lean transformation plan.
3. The actual lean transformation plan.
4. A discussion of the whys and wherefors of the adopted lean organization strucure.
5. How to move from an MRP push production control system to a lean flow/pull system sensibly.
6. How to practically dispose of excess inventory during the lean transformation.
7. The best way to align the workforce with the requirements of the lean organization.
8. A detailed description of a growth through acquisition strategy financed internally with the lean management process.
9. A comparison of standard cost accounting with actual cost accounting.
All in all - an absolute must read for the lean manager. Not a book for the lean practitioner.
Relevance to the lean practitioner 4/10
Relevance to the lean manager 9/10
Clarity and organization 9/10
Original content 9/10