Velocity
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"AGI's "VELOCITY" APPROACH enabled us to get control over the uncertainties of our repair and remanufacturing business, leading to significant improvements in our overall performance. The changes we made to the way we manage our business positioned us to not only survive but to thrive in what could be called the worst recession since the Great Depression." -- Carl Coslow, President, Republic Industries International
Product Description
Velocity is a business book exactly in the style of The Goal. It tells the story of fictional company Hi-T Composites and how it solves major production and management problems, and greatly improves its business results, when a senior manager is put in charge of turning the company around and step by step she applies the velocity approach to sorting out the company's many issues. Velocity takes a big step forward by being the first management book to introduce a method for combining the three leading business re-engineering methods. Six Sigma, Lean Thinking, and The Theory of Constraints, into one much more powerful, cohesive approach. While the business community has figured out how to combine Lean and Six Sigma in an approach now widely referred to as Lean Six Sigma (LSS), the business results obtained have been widely discouraging. The velocity approach shows that this is because they must be combined with the core insights of the Theory of Constraints, and that combined approach is the basis of AGI's consulting and has produced remarkable results for a long list of AGI clients including Boeing and Lucent.
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Most Helpful Customer Reviews
3 of 3 people found the following review helpful
Format:Hardcover
Like most TOC books, this one revolves heavily around manufacturing. It pays homage to earlier works by Goldratt, even Herbie gets a mention :)
The book essentially explains how an organisation adopts Lean Six Sigma (LSS) and then gets somewhat confused when profits don't increase and costs don't decrease. Luckily, TOC comes to the rescue - focussing the implementation of LSS to where it's needed and provides the most benefit, not to mention the usual benefits of TOC such as constraint management and throughput accounting.
This book is an essential read for anyone who's about to embark on LSS or is wondering why their LSS isn't working for them. I'd highly recommend it to LSS fanatics, or anyone who wants to consume the latest TOC book. That being said, from a TOC perspective I didn't gain anything new (no 'Eureka' moments) but it's still a great read and you'll be glad to see it on your bookshelf.
Note to author: Please write a TOC book based on a software company (ie. nothing to do with design/manufacture of physical products!)
The book essentially explains how an organisation adopts Lean Six Sigma (LSS) and then gets somewhat confused when profits don't increase and costs don't decrease. Luckily, TOC comes to the rescue - focussing the implementation of LSS to where it's needed and provides the most benefit, not to mention the usual benefits of TOC such as constraint management and throughput accounting.
This book is an essential read for anyone who's about to embark on LSS or is wondering why their LSS isn't working for them. I'd highly recommend it to LSS fanatics, or anyone who wants to consume the latest TOC book. That being said, from a TOC perspective I didn't gain anything new (no 'Eureka' moments) but it's still a great read and you'll be glad to see it on your bookshelf.
Note to author: Please write a TOC book based on a software company (ie. nothing to do with design/manufacture of physical products!)
1 of 1 people found the following review helpful
Format:Hardcover
If you are familiar with the concepts of Lean, Six Sigma and TOC already then nothing in this will come as a surprise. However, the way that they and their relative strengths are explained is clear, engaging and practical. If you are not already familiar with them then this should work as a good explanation of the various concepts and why they do not always deliver the promised benefits.
I always think that a truly good idea is one that leaves the listener thinking "that's obvious" or "why would you do it any other way" and I finished this with the same feeling. The style is familiar from such books as "The Goal" and "It's Not Luck" but why change a winning formula when the business novel approach works to get these ideas across.
This was the first book that I read on my Kindle and I agree with the previous review that there are problems reading the illustrations. (looses a star for this)
And for the reviewer asking for a TOC book about software, its a bit dated now but I suggest you have a look at "Necessary But Not Sufficient"
Necessary But Not Sufficient: A Theory of Constraints Business Novel
I always think that a truly good idea is one that leaves the listener thinking "that's obvious" or "why would you do it any other way" and I finished this with the same feeling. The style is familiar from such books as "The Goal" and "It's Not Luck" but why change a winning formula when the business novel approach works to get these ideas across.
This was the first book that I read on my Kindle and I agree with the previous review that there are problems reading the illustrations. (looses a star for this)
And for the reviewer asking for a TOC book about software, its a bit dated now but I suggest you have a look at "Necessary But Not Sufficient"
Necessary But Not Sufficient: A Theory of Constraints Business Novel
1 of 1 people found the following review helpful
Format:Audio CD
Excellent !! - I can listen, and take it in, whilst I'm sat in the car. I can't read as many books at I'd like to, due to time, so this is great answer - This is an audio book with a duration of around 6 hours. The pack comes as 5 CDs, so if you have a 6 disc multi-changer in your car you can put it in and let the story unfold (not so great if you can only insert one CD). In the novel style of The Goal, but this time it is fictional character Amy Cieolara faced with the task of turning 'round a business as was faced by Alex Rogo all those years ago. Much of the contenet involves finding the 'right solution' for the company (Hi-T Composites) but along the way we meet Wayne the Master Black Belt who is convinced Lean Six Sigma is the way to go, and Murphy, a fan of the Theory of Constraints - initially, both think they are right and the other guy is wrong. It isn't a battle where one of LSS or TOC eventually wins, but it takes the appropriate parts from each to come up with the mix which addresses their issues. The problems they encounter along the way include an over customized IT system which drives the group companies with the wrong metrics, overdue orders, loss of customers, managers with no time for the latest fad etc etc - all the usual true life stuff. There are some really thought provoking things raised, such as when the Lean 'balanced line' is clearly not working (takt time not appropriate in this company), deliberately having a constraint in the system actually helped. Also the importance of ensuring the constraint did not move was paramount for the Drum-Buffer-Rope logic to maintain throughput, kind of dashing all those old ideas about playing chase the bottleneck in your factory - where you would increase the capacity at your bottleneck then see where the next one popped up, then attack that one .... not so here, interesting stuff which I highly recommend especially for all those who find they have a lot of dead time whilst travelling. Creating the logic tree for the turnaround project was especially interesting. Incidentally, the book is read by an American lady with a charming voice.
5 stars ? well 4 (or 4.5) for the content, and another 1 star for the format. (hope they make a training film of it some day)
5 stars ? well 4 (or 4.5) for the content, and another 1 star for the format. (hope they make a training film of it some day)
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Most Recent Customer Reviews
same content - rehashed in another story
If you have read the previous books of Goldratt, you can skip this one. I can summarize it very easy: even if you use other management systems like lean or six sigma there is still... Read more
Published 13 months ago by Nottebaert
Not a good choice for Kindle
I bought a Kindle, primarily for business publications. Unfortunately, the diagrams (reality trees etc) are an extremely important part of TOC books and even using the kindle zoom... Read more
Published 19 months ago by Mr. A. Ramsay
Readable if unspectacular
As a book of management theory, this is more readable than most. It has enough narrative pace to make the learning process enjoyable, and it is well written both as fiction and as... Read more
Published 20 months ago by miranda
Listmania!
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