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

James P. Womack , Daniel T. Jones
4.0 out of 5 stars  See all reviews (3 customer reviews)

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Product details

  • Hardcover: 400 pages
  • Publisher: Free Press; 2 Rev Upd edition (Jun 2003)
  • Language English
  • ISBN-10: 0743249275
  • ISBN-13: 978-0743249270
  • Product Dimensions: 16.3 x 3.3 x 23.9 cm
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (3 customer reviews)
  • Amazon Bestsellers Rank: 374,069 in Books (See Top 100 in Books)

Product Description

Review

"Automotive News" This is a book of great understanding, and of hope. It shows how to create an industrial world in which workers share the challenges and satisfactions of the business. It's a world in which assemblers communicate with suppliers and dealers in a way that improves life for all of them. Read it. --This text refers to the Audio CD edition.

Product Description

Lean Thinking was launched in the fall of 1996, just in time for the recession of 1997. It told the story of how American, European, and Japanese firms applied a simple set of principles called 'lean thinking' to survive the recession of 1991 and grow steadily in sales and profits through 1996. Even though the recession of 1997 never happened, companies were starving for information on how to make themselves leaner and more efficient. Now we are dealing with the recession of 2001 and the financial meltdown of 2002. So what happened to the exemplar firms profiled in Lean Thinking? In the new fully revised edition of this bestselling book those pioneering lean thinkers are brought up to date. Authors James Womack and Daniel Jones offer new guidelines for lean thinking firms and bring their groundbreaking practices to a brand new generation of companies that are looking to stay one step ahead of the competition. --This text refers to the Audio CD edition.

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Customer Reviews

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14 of 14 people found the following review helpful:
5.0 out of 5 stars A Business Paradox: Less Really Can Achieve More, 25 Sep 2005
By 
Robert Morris (Dallas, Texas) - See all my reviews
(TOP 100 REVIEWER)    (REAL NAME)   
This review is from: Lean Thinking: Banish Waste and Create Wealth in Your Corporation, Revised and Updated (Hardcover)
This is a new and expanded second edition of a book first published in 1996. Of special interest to me was what Womack and Jones had to say in the preface regarding what has since happened to the companies previously discussed. Apparently lean thinking has enabled Toyota, Wiremold, Porsche, Lantech, and Pratt & Whitney to sustain operational excellence and economic prosperity.

Briefly, how do Womack and Jones define lean thinking? It is the opposite of muda (a Japanese) word for anything which consumes resources without creating value. In a word, waste. Lean thinking is lean because "it provides a way to do more and more with less and less -- less human effort, less equipment, less time, and less space -- while coming closer and closer to providing customers with exactly what they want." Lean thinking is thus a process of thought, not an expedient response or a stop-gap solution. The challenge, according to Womack and Jones, is to convert muda into real, quantifiable value and the process to achieve that worthy objective requires everyone within an organization (regardless of size or nature) to be actively involved in that process. Once again, in this new edition they address questions such as these:

1. How can certain "simple, actionable principles" enable any business to create lasting value during any business conditions?

2. How can these principles be applied most effectively in real businesses, regardless of size or nature?

3. How can a relentless focus on the value stream for every product create "a true lean enterprise that optimizes the value created for the customer while minimizing time, cost, and errors"?

In Part IV, Womack and Jones update the continuing advance of of lean thinking. They rack the trend in inventory turns and the progress of their profiled companies. Also of special interest to me was the discussion of what Womack and Jones have learned since 1996 which probably explains why they introduce a new range of implementation tools support value stream mapping initiatives and thereby "to raise consciousness about value and its components, leading to action."

Obviously, even if everyone involved within a given organization is committed to lean thinking, to creating value while (and by) eliminating waste, the process requires specific strategies and tactics to succeed. Hence the importance of the last chapter in this book., "Institutionalizing the Revolution." I presume to suggest that the process of lean thinking never ends. Inevitably, success creates abundance; abundance often permits waste. I also presume to suggest that priorities must first be set so that the implementation of lean thinking process does not inadvertently create or neglect waste in areas which influence the creation of value for customers.

Although highly readable, this is not an "easy read" because it requires rigorous thinking about what is most important to a given organization, rigorous thinking about the root causes (rather than the symptoms) of that organization's problems, and rigorous thinking about the most prudent use of resources to eliminate those problems. Because of the importance of the material which Womack and Jones share, I strongly recommend that decision-makers read and then re-read this book before getting together to exchange reactions to it. Out of that discussion, I hope, will come both a collective commitment to lean thinking and the personal determination of each executive to apply what she or he has learned from this book in operational areas where waste has most diminished value.

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1 of 1 people found the following review helpful:
4.0 out of 5 stars Becoming Lean and Mean!, 27 Aug 2008
This review is from: Lean Thinking: Banish Waste and Create Wealth in Your Corporation, Revised and Updated (Hardcover)
The only way to be competitive in the world marketplace is to be much more efficient. In other words "lean and mean." Efficient at engineering, efficient at manufacturing and efficient at meeting/exceeding customer expectations are all keys to becoming more competitive.

This book and their Machine that Changed the World are good resources for manufacturing facilities more lean. And...lean thinking leads to more lean thinking.

Using the Toyota system as a guide, Womack and Jones address how companies can eliminate waste and increase profits. They write:

"Our earnest advice to lean firms today is simple: To hell with your competitors; compete against perfection by identifying all activities that are muda and eliminating them. This is absolute rather than a relative standard which can provide the essential North Star for any organization."
Well written with many telling examples. Recommended!

The Re-Discovery of Common Sense: A Guide To: The Lost Art of Critical Thinking
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3.0 out of 5 stars Good content - pity about the narrator., 15 Aug 2010
By 
S. Barclay (Wales, UK) - See all my reviews
(REAL NAME)   
Read the first edition, many years ago - it was excellent. Thought I'd like to try the audio version of the updated edition. Some good extra and updated comments/case studies, but the monotone delivery style of Womack makes it a far from easy listen.
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